By adopting a negative-interest rat

By adopting a negative-interest rate strategy, Bank of Japan Governor Haruhiko Kurodamanaged to reverse China's effort to devalue the yuan against one of its biggest trading partners -- in minutes. A global demand slump has pushed officials around the world to ease monetary policies that result in competitive currency devaluations. As Douglas Borthwick of Chapdelaine & Co. put it, "Japan is basically saying 'You know what China, we've seen what you did and we're going to match that.' Now the ball is back in China's court.

By adopting a negative-interest rate strategy, Bank of Japan Governor Haruhiko Kurodamanaged to reverse China's effort to devalue the yuan against one of its biggest trading partners - in minutes. A global demand slump has pushed officials around the world to ease monetary policies that result in competitive currency devaluations. As Douglas Borthwick of Chapdelaine & Co. put it, "Japan is basically saying 'You know what China, we've seen what you did and we're going to match that.'. Now the ball is back in China's court.

By adopting a negative - interest rate strategy Bank of, Japan Governor Haruhiko Kurodamanaged to reverse China s effort. ' To devalue the yuan against one of its biggest trading partners - in minutes. A global demand slump has pushed officials. Around the world to ease monetary policies that result in competitive currency devaluations. As Douglas Borthwick of Chapdelaine. & Co. Put it, "Japan is basically saying 'You know, what China we' ve seen what you did and we 're going to match that.' Now. The ball is back in China 's court.