Be interesting to see what happens if/when the Fed cuts rates a bit, through they will remain relatively high compared to zero interest rate land. One one hand

Be interesting to see what happens if/when the Fed cuts rates a bit, through they will remain relatively high compared to zero interest rate land. One one hand the economics feels very uncertain and feels like things could fall apart a bit (employment - some folks have been looking for months for a job, continued mass layoffs, some political uncertainties). I am curious how Japan was able to keep rates so low for so long - was there some thumb on scale stuff keeping them down (ie, forced buying of govt debt?)