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Japan is not a mystical fantasy land where the implementation of fiscal policies is radically different. And interest rates are set by the central bank, it's li
by ThrowawayTestr 3y ago
Japan is not a mystical fantasy land where the implementation of fiscal policies is radically different. And interest rates are set by the central bank, it's literally a knob where a central planning can influence the economy.
- bobthepanda 3y agoJapan is a bit of a unicorn amongst central banks and has historically relied on a range of unorthodox policy at its central bank. There was window guidance in the bubble era, there was the invention of QE and negative interest rates, and during the 2020s the Bank of Japan became the largest shareholder in the Nikkei. Japan has done a lot of innovative things trying to claw itself out of the post bubble hole.
- ThrowawayTestr 3y agoI'm not saying their economy isn't unique, just that money works the same way regardless of country.