Japan’s economy unexpectedly slipped into recession after shrinking for a second quarter due to anemic domestic demand, prompting some central bank watchers to push back bets on when the nation’s negative interest rate policy will end.
The BOJ is counting on low interest to force a devaluation of peoples savings to drive consumption and, given the massive amount of savings, it will take time to burn through that
The BOJ is counting on low interest to force a devaluation of peoples savings to drive consumption and, given the massive amount of savings, it will take time to burn through that