Negative rates seen reducing Japan big banks' profits by $2.96 billion: Nikkei

TOKYO (Reuters) - Japan's financial watchdog estimates that negative interest rates under the Bank of Japan's monetary easing policy will reduce profits for the country's three big banks by at least 300 billion yen ($2.96 billion) for the year through March 2017, the Nikkei business daily reported on Saturday.

Negative rates seen reducing Japan big banks' profits by $2.96 billion: Nikkei
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