TOKYO -- The impact of the Bank of Japan's negative interest policy continues to work its way through the financial world, pushing down bank loan interest rates and corporate bond yields to levels never seen before.
The February introduction of the BOJ policy saw interest rates offered by commercial banks on new loans decline to 0.793% that month, setting a new low for the first time in nine months. That record was broken again in March, when the rates slid further, by slightly more than 0.1 percentage point to an average 0.69%, according to a report released Tuesday by the central bank.
