Abe is finished, no more tools to revive economy, now -ve interest rate!!!

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Abe is finished, no more tools to revive economy, now -ve interest rate!!!

Coffee Shop Talk of a non sexual Nature Visit Sam's Alfresco Heaven. Singapore's best Alfresco Coffee Experience! If you're up to your ears with all this Sex Talk and would like to take a break from it all to discuss other interesting aspects of life in Singapore, pop over and join in the fun.

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30-01-2016, 04:50 AM

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Abe is finished, no more tools to revive economy, now -ve interest rate!!!

An honorable member of the Coffee Shop Has Just Posted the Following:

The Bank of Japan on Friday adopted a negative interest rate policy to spur lending and help drive inflation towards its two-percent target.

The -0.1 per cent interest rate introduced by the BoJ means that banks parking their money with the central bank are actually charged for doing so.

By penalising the banks for hoarding their cash, the BoJ is giving them the incentive to loan the money out, thereby pumping more cash into the economy and, hopefully, boosting economic activity.

http://www.businesstimes.com.sg/gove...ource=Facebook

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