New Zealand Visitor Arrivals (YoY) down to 10.5% in December from previous 11.1%

Last week markets were taken by surprise by the BoJ's move when they announced it would adopt a negative discount rate. The implications of doing so are not only damaging to the Yen in the immediate term, but this should be alarming to the financial world in the essence that key global authorities are preempting a worsening global outlook and taking radical actions to help prorogue the headwinds.