Bank of Japan, in a Surprise, Adopts Negative Interest Rate

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by raverbashing on Tuesday February 02, 2016 @06:56AM (#11018915)

> Citing "low price of oil" as a reason for economic woes just seems like bad science - I though economists were better than this ?

Yes it is, no they aren't

Especially "specialists" commenting in the press.

The problem with Japan is the complete stagnation of their economy. China makes it cheaper, internal consumption is decreasing.

Trying to "create inflation" is pretty much as effective as trying to defibrilate a dead corpse.

[ Parent | on HN ]

Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate by kaonashi on Tuesday February 02, 2016 @12:02PM (#11020648)

They keep hiking income tax rates before inflation ever materializes, that's a good way to keep deflation going indefinitely.

Cut taxes, especially in the lower brackets, you will find your inflation eventually. Japan just doesn't want to do that.

[ Parent | on HN ]