Japanese Banks Will Get Earnings Bump From Deposits at BOJ

-- Japanese banks will start earning billions of yen in interest on their deposits with the Bank of Japan after it scrapped negative rates.Putin Warns Russia Won’t Stop After Predictable Election Win

While banks have the opportunity to earn interest, they are likely to deploy the cash to where there are better returns. They will likely shift their current account balances at the BOJ to government bonds as yields rise, according to Hideyasu Ban, a senior analyst at Bloomberg Intelligence. SAN FRANCISCO — Former CNN reporter Don Lemon mixed it up with Tesla CEO Elon Musk in an interview Lemon posted on Musk’s X social network Monday. The interview was supposed to kick off Lemon’s new talk show on X, formerly known as Twitter, at least until Musk canceled the show shortly after the interview was recorded.

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