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Business Daily: Sub-Zero Interest

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01/02/2016 GMT

Sub-Zero Interest

BBC World Service - Business Daily, Sub-Zero Interest

Interest rates in Japan go negative, and temperatures rise in Greenland

The Bank of Japan has started charging big depositors and we ask if it could spark a global currency war. Plus, what it takes to sell ice cream in Greenland.

You used to get interest when you deposited money in a bank. But now Japan's central bank has followed the European Central Bank in charging big depositors. We discuss the global implications for currencies and trade with independent financial commentator Frances Coppola. Also, Elizabeth Hotson reports on businesses in Greenland including one selling ice cream in the Arctic. And Lucy Kellaway of the Financial Times defends the track record of Yahoo's controversial chief executive, Marissa Mayer.

(Photo: Bank of Japan Governor Masaaki Shirakawa listens to questions during a press conference. Credit: AFP/Getty Images)

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