Japan: World's last negative interest economic policy may end soon
Shortpedia
Content Team
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Japan, the land of rising sun may soon witness the end of an era of negative interest rates. The Bank of Japan (BOJ) is about to conclude negative interest rates and return to a conventional fiscal policy after years of unconventional economic adventurism. BOJ Governor Kazuo Ueda may soon increase the short-term rate from the current -0.1%, which would be Japan's first rate hike since 2007. Negative interest rates were introduced to weaken the currency and avoid deflation.
