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"People are welcome to not pay Bank of Japan 0.1% to look after their money" And how do they do that in aggregate?
by neilwilson 3y ago
"People are welcome to not pay Bank of Japan 0.1% to look after their money"
And how do they do that in aggregate?
- blitzar 3y agohttps://tradingeconomics.com/japan/overnight-interbank-average-rate https://tradingeconomics.com/japan/overnight-interbank-avera...
- neilwilson 3y agoThat doesn’t help does it. Somebody has to hold the excess reserves. They can’t be got rid of in aggregate. Some entity somewhere will have a debtor balance in Yen with the Bank of Japan.