WEEKLY MARKET DIGEST: JAPAN STUNS WITH NEGATIVE INTEREST RATES, RUSSIA CLARIFIES ON OIL, FED REFUSES TO COW TAIL $DIA $GLD $QQQ $SLV $SPY $TBF $TBT $USO
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) JAPAN STUNS WITH NEGATIVE INTEREST RATES, RUSSIA CLARIFIES ON OIL, AND GDP RELEASE January 29, 2016 This is what you need to know today. Japan Stuns Overnight Japan stunned the world by introducing negative interest rates. Japan matters because it is still the third largest economy in the world. Negative interest rates in this case will require banks to pay interest on deposits to BOJ on funds they hold beyond a certain threshold level. The