What to Make of Japan’s New Negative Interest Rate

Author: The Diplomat

Categories: In the News

The Bank of Japan’s decision last Friday to begin imposing a negative 0.1 percent interest rate on any new excess reserves beginning February 16 was its way of signaling “willingness to pursue a negative interest rate program (NIRP) without actually doing it,” Sasakawa USA’s Tobias Harris says in a February 3 article by Mina Pollmann

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