Japan's Negative Interest Rates Are Driving up Sales of Safes

fortune.com/2016/02/23/japans-negative-interest-rate-driving-up-safe-sales/
Following the Bank of Japan's decision to lower interest rates below zero in January, many consumers have reportedly rushed to hardwares store in search of one thing: safes. Negative interest ...

BOJ's negative interest rate spurs sales of safes - The Mainichi

mainichi.jp/english/articles/20160225/p2a/00m/0na/004000c
The Bank of Japan's introduction of a negative interest rate has sparked rising sales of personal safes that people are apparently using to stash cash at home.

Negative Interest Rates in Japan - thecuriouseconomist.com

thecuriouseconomist.com/negative-interest-rates-in-japan/
Home Negative Interest Rates in Japan Negative Interest Rates in Japan Background Information Japan introduced its negative interest rate policy (NIRP) in January 2016, as part of its broader efforts to combat deflation and stimulate economic growth.

Negative Interest Rates Forcing Japanese to Stuff Cash Under ... - Fortune

fortune.com/2016/06/01/negative-rates-safes/
The following chart from Deutsche Bank Research shows that the sale of steel fire-proof safes has soared in Japan since the institution of negative rates:

Statements on Monetary Policy 2016 : 日本銀行 Bank of Japan

www.boj.or.jp/en/mopo/mpmdeci/state_2016/index.htm
Home> Monetary Policy> Monetary Policy Releases> Statements on Monetary Policy 2016

PDF Pushed Past the Limit? How Japanese Banks Reacted to Negative Interest ...

www.imf.org/-/media/files/publications/wp/2018/wp18131.pdf
Abstract In this paper, we investigate how negative interest rate policy (NIRP) introduced in January 2016 by the Bank of Japan (BoJ) affected Japanese banks' lending and risk taking behavior. The BoJ's announcement was an unexpected surprise to the market and was followed by a sharp drop in equity prices of Japanese financial firms.

Bank of Japan adopts negative interest rate policy - CNBC

www.cnbc.com/2016/01/28/bank-of-japan-adopts-negative-interest-rate-policy-reuters.html     2016-01-28
The Bank of Japan adopted negative interest rates for the first time at the end of its two-day policy review on Friday, buckling under pressure to ease.

In early 2016 as the Bank of Japan began to push policy interest rates ...

askfilo.com/user-question-answers-smart-solutions/in-early-2016-as-the-bank-of-japan-began-to-push-policy-3332343130343633
In early 2016 as the Bank of Japan began to push policy interest rates negative, there was a sharp increase in safes for homes in Japan. Why might this be, and what does it mean for the effectiveness of negative interest-rate policy? Views: 5,213 students Updated on: May 1, 2025

(Research Paper) Market Operations in Fiscal 2016 : 日本銀行 Bank of Japan

www.boj.or.jp/en/research/brp/ron_2017/ron170714a.htm
During fiscal 2016 (April 1, 2016 to March 31, 2017), the Bank of Japan pursued powerful monetary easing under Quantitative and Qualitative Monetary Easing (QQE) with a Negative Interest Rate, which the Bank decided to introduce in January 2016, until September 2016.

Negative Interest Rates Cause Safe Sales Spike - Business Insider

www.businessinsider.com/negative-interest-rates-causing-safe-sales-spike-2016-6?op=1
In a note to clients, Sløk highlighted the massive jump in safe sales since the implementation of negative interest-rate policies.
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