Is Japan ready for a ‘world with interest?’

Japan is on the cusp of a brave new world – one where bank deposits yield 0.1 per cent a year.

OK, that might not sound like a revolution. But in a country where an entire generation has grown up knowing nothing but yields near zero, and mortgage rates that seemed to get cheaper by the year, Mitsubishi UFJ Financial Group’s move to raise what it pays savers is exceptional.

Bloomberg Opinion