BOJ likely to discuss exempting $90bln in short-term funds from negative interest rates

Reuters running with a story from sources close to the BOJ

"

Some

in the BOJ are sympathetic to the request, which came from the

Investment Trusts Association, the sources said, because a flow from

investment to bank accounts would go against a push by PM  Abe and the central bank to move more of Japan’s immense savings

out of deposits and government bonds and into more productive

investments, to kick-start growth and defeat stubborn deflation.

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