In January, the Bank of Japan, trying to keep Shinzo Abe’s economy from slipping back into recession, followed the European Central Bank into negative territory by cutting interest rates below zero for the first time in Japan’s history. In doing so, the BOJ joined the central banks of Denmark, Sweden and Switzerland.
Why Low Interest Rates Cripple Capital Investment
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Why Low Interest Rates Cripple Capital Investment
In January, the Bank of Japan, trying to keep Shinzo Abe’s economy from slipping back into recession, followed the European Central Bank into negative territory by cutting interest rates below zero for the first time in Japan’s history. In doing so, the BOJ joined the central banks of Denmark, Sweden and Switzerland.