5 Years ago, Japan was in danger of going into bad cycle of depression and deflation.
Usually, in this situation, central bank or any responsible organization lowers the official discount rate, or the bank rate.
But this strategy was not appicable in this case, since the official discount rate of Japan was already almost zero.
Hence, the central bank made an "abnormal" decision to restrain itself from controlling the economy by the official discount rate, and increased the currency to be appeared on the market, or "Ultra Easing Monetary Policy".
This has continued for 5 years, and just today, it was cancelled.
Economy of Japan is now escaped from the depression.
They say that "zero-interest" will be continued for a mean time, but eventually, the official discount rate will increase.
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There are things that most people don't care. But it doesn't mean that those things are useless. These are my opinions from the point of view named "Black Angle". View things from multiple angles, so that the prejudice will be lessen.
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