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Time Might Run Out on Japan’s Low-Rate Policy
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Japan has kept interest rates below zero this year, where they have been since 2016, even as other major central banks sharply raise their own.
The country now finds itself in a dilemma. Inflation is rising, the yen plummeting, and some economists and corporate executives blame the negative rate policy for eroded competitiveness and undisciplined government spending. All that has put pressure on the Bank of Japan to finally raise rates.
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