Japan: Negative Interest Rate Policy Is a Bust

WSJ: Pushing a String

In Japan years of trying to spur consumers to spend rather than save through negative interest rate policy has turned out to be completely ineffective.  The Japanese apparently love to save rather than spend.  Anybody got any other good ideas?

 

https://www.wsj.com/articles/the-worlds-most-radical-experiment-in-monetary-policy-isnt-working-1488135495

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