ALBAWABA – Central Bank of Japan has defied its 2016 negative interest rate policy, increasing its short-term interest rates for the first time in 17 years from 0 percent to 0.1 percent, which sparked a sell-off that slipped the Yen against major currencies. In 2016, the Bank of Japan made the unconventional decision to lower borrowing rates to zero, with Negative interest rates meaning that borrowers may get loans at ...