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bilbo0s, I don't think you read the article. The interest rate was 0% in 2001. When Japan suffered a financial crisis brought on by a lack of liquidity. The ar
by kashif 19y ago
bilbo0s,
I don't think you read the article. The interest rate was 0% in 2001. When Japan suffered a financial crisis brought on by a lack of liquidity. The article talks about how Japan has reformed itself since then.
- bilbo0s 19y agoKashif, I think you ONLY read the article. Here are todays prime rates . . . Enjoy . . . Prime Rates in Worlds Largest Economies Germany 4.00% US 8.25% Hong Kong (China Stand-In) 8.00% And Your Favorite Apparently... Japan 1.88% Now . . . Which of these nations do you think is playing unfairly? ... Take your time . . .
- kashif 19y agoWell, You are right, I didn't read the rates, but clearly 1.88% is not zero - also consider Japanese inflation levels and add to bring it all in context re-read the pieces on the Japanese recession. 1.8% will seem just fine then. Cheers. PS: You don't need me to tell you this but you can't sensibly compare interest rates across currencies.