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In Japan, you're actually going to have to pay to borrow money now.

Hello, I'm Leanna Burren.

Happy Tuesday, and thanks for tuning in to the

marketplace morning report live from the BBC World Service. Imagine that you go to

your bank to borrow money and the interest rate is negative. Well, that's what it was like.

If you were taking out a loan in Japan,

but that's changed now because today

its Central Bank put up borrowing costs

for the first time since 2007. The key interest rate went up from minus 0.1% to a range of 0 to 0.1%.

Let's get more from the BBC's Sir and Jana Tuare.

The days back to 2013 when the Central Bank tried to jumpstart economic growth and inflation

after decades of stagnant activity and prices. And of course Japan is the fourth largest

economy so there is a lot of fallout on the global economy Japan had a very

different problem from most of the economies around the world. It had

deflation where prices don't rise. Now Japan's inflation is around 2% and that's

allowed companies to also increase wages.

...