Published 1 month ago

Japan ends era of negative interest rates. Here’s why

Summary by Ground News

The Bank of Japan raised interest rates this month, ending the country's historic era of negative interest rates. In a 7-2 majority vote, Japan's central bank decided to increase short-term interest rates to 0-0.1%. The decision increased rates from the previously held minus 0.1% and marked the first rate hike in Japan in 17 years. Negative interest rates are used by central banks to stimulate economic growth and combat deflation.

0 Articles

All

Left

Center

Right

World Economic Forum

Japan ends era of negative interest rates. Here’s why

Japan raised interest rates this month, ending a historic era of negative interest rates. The Bank of Japan said the monetary easing policies "have fulfilled their roles."

1 month ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.