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.
  • hangukdise@lemmy.ml
    1·
    1 year ago

    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