The world’s central banks are trying to get a grasp on the market turmoil that 2016 has brought. The ECB has already noted that it will be considering further easing measures at its next meeting, whilst the Federal Reserve is “closely monitoring” economic developments. However in an unexpected move it has been the Bank of Japan that has made a firm step towards easing monetary policy. In an extremely tight decision, the BoJ voted 5-4 to engage a negative interest rate of -0.1% for banks that hold funds at the central bank, and also left the door open for further easing. This surprise easing from the BoJ has ... (full story)