Japan Ends Negative Interest Rates
The Bank of Japan just ended 8 years of negative interest rates. Indeed, this is the first interest rate hike for Japan in 17 years. According to Keynesian economics, Japan should have experienced an economic boom from all that monetary stimulus. It did not. Prices were stagnant. Wages were stagnant. GDP growth was anemic. Japan … Continue reading Japan Ends Negative Interest Rates
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