The Bank of Japan Finds Itself In A Currency Trap

currency trap (Credit: HelveticaFanatic at https://www.flickr.com/photos/27469320@N04/2657871668)

The year 2024 may be seen as the time the Bank of Japan’s “free lunch” came to an end. For decades, the Bank of Japan (BoJ) ran a zero interest rate policy (ZIRP) that even descended into negative rates in 2016. The BoJ eased and eased monetary policy (aka printed and printed) to buy Japanese … Read more