November 11, 2012

Japan's zero interest rate strategy began in 1999 according to report

In 1999 the Bank of Japan reduced its policy interest rate to 0.15 per cent, thus starting its so – called zero interest rate strategy

Source: The missing piece in the puzzle of the lost decades
By Ippei Fujiwara
East Asia Forum Quarterly,
 July – September, 2012. Vol 4. No. 3, page 3.

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