Yes Japan is a perfect example. Having low rates for a long time has given rise to a lot of companies that are frankly non-competitive and would fail immediatel

Yes Japan is a perfect example. Having low rates for a long time has given rise to a lot of companies that are frankly non-competitive and would fail immediately if interest rates were raised. Consumers do not win because the quality of these companies are low. https://asia.nikkei.com/Economy/Loose-lending-keeps-Japan-s-zombies-shambling-along https://asia.nikkei.com/Economy/Loose-lending-keeps-Japan-s-...