“It’s A Seismic Shift” – Japan’s Biggest Bank To Quit As JGB Primary Dealer
by Tyler Durden
ZeroHedge.com
Jun 8, 2016
Japan’s biggest bank, Bank of Tokyo-Mitsubishi UFJ, is preparing to quit its role as a primary dealer of Japanese government bonds as negative interest rates turn the instruments into larger risks, a fallout from massive monetary easing measures by the Bank of Japan.
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