◀ The Principal Blog

Posts tagged ‘Bank of Japan’

Views from the CIO: Bank of Japan’s Negative Interest Rate Policy, is the U.S. next?



In another effort to jump-start the stagnant Japanese economy, the Bank of Japan (BoJ) unexpectedly announced on January 29th that it was cutting its benchmark interest rate to -0.1%. The negative rate applies only to excess balances that exceed reserve requirements, thereby encouraging banks to…

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Arrow Dynamics or Yen-gineering?



Much has been made throughout 2013 about the three “arrows” of Japanese Prime Minister Shinzo Abe. While this deflation-fighting plan of monetary loosening, fiscal stimulus, and structural reforms has been broadly successful, I believe it will be the strength or weakness of the yen that will…

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