Japan traders swarm to this mysterious Twitter user

(Jan 15): On a day when billions in profits and losses would be determined by split-second trades, the salaried professionals of Japan’s financial markets were glued to their news terminals. Another group was staring at the feed of an anonymous Twitter account.

It was shortly after noon on Jan 29, 2016, and people with money at stake were waiting for the Bank of Japan to announce its monetary policy. While the decision’s date is set in advance, nobody knows its timing.

“It’s a negative interest rate bazooka!” wrote the Twitter user who goes by the handle Okasanman, attaching a screenshot of an article just published on a local news website, showing the BOJ was discussing introducing minus rates as its latest shock-and-awe stimulus weapon.

---

Related Stories

• Lexus lessons for China in tackling tariffs
• Daiwa House Logistics Trust reports 'improvement' in core Japan portfolio for 9MFY2024
• The Rising Sun is still shining

---