What’s more, the growing gap between interest rates in Japan and elsewhere was pushing down the yen’s value, piling even more stress on the country’s highly import-dependent economy. That made […]
Kuroda, Haruhiko
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Back to news homeWhy Japan Stands Virtually Alone in Keeping Interest Rates Ultralow
The yen is plummeting and inflation is climbing, but Japan’s economic circumstances have led to a view that raising rates would do more harm than good. Read More
Japan Has Long Sought More Inflation and a Weak Yen. But Not Like This.
TOKYO — For years, as Japan tried to boost its chronically weak economic growth, it pursued what its central bank saw as a magic formula: stronger inflation and a weaker […]