2019/02/06

How Japan (Eventually) Changed the World With Zero Rates

Long before the U.S. and Europe embraced radical monetary policies last decade during the global financial crisis there was the Bank of Japan. Twenty years ago this month -- back when the American economy was running hot under Federal Reserve Chairman Alan Greenspan and the euro was making its debut on the world stage -- the BOJ adopted zero interest rates, taking central banking into uncharted waters.-Bloomberg


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