TOKYO: After years of applying plenty of stick to commercial lenders unhappy with negative interest rate policies, central bankers in the eurozone and Japan are experimenting with some carrot, too.
With the coronavirus pandemic ravaging the global economy, the European Central Bank (ECB) and the Bank of Japan (BoJ) have started paying banks to borrow from them, hoping they will keep the credit taps open for cash-strapped households and companies.
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