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> Nope. https://www.cnn.com/2024/03/18/business/japan-boj-negative-interest-rate-ended-intl-hnk/index.html https://www.cnn.com/2024/03/18/business/japan-boj-ne

by soperj 2y ago

> Nope. https://www.cnn.com/2024/03/18/business/japan-boj-negative-interest-rate-ended-intl-hnk/index.html https://www.cnn.com/2024/03/18/business/japan-boj-negative-i... First rate hike in 17 years this year. > Negative inflation rates, impacting the ability to borrow further. Government doesn't set the inflation rate. > The expansive welfare system that allows 2% of the poorest Japanese to get direct benefits transfers (it's a great program, but very expensive, so other priorities are lower). Price controls on utilities and some crops like Wheat. Those would lead to higher inflation, not lower.

alephnerd 2y ago
> First rate hike in 17 years this year That does NOT mean interest rates were negative. Negative interest rates were only applied in 2015 [0] > Government doesn't set the inflation rate. Typo. I meant interest rates. [0] - https://fred.stlouisfed.org/series/IRSTCI01JPM156N https://fred.stlouisfed.org/series/IRSTCI01JPM156N
- soperj 2y ago
  > That does NOT mean interest rates were negative. You're being pedantic. Your graph shows interest rates have been essentially under 0.5 for 30 years. At no point is that a hammer being used to curtail inflation, which was the point.