Stronger yen: File picture showing Japanese yen banknotes of various denominations arranged for a photograph in Tokyo. Japan can hardly be happy with the negative rates: the yen has strengthened and Tokyo stocks have fallen. – Bloomberg
RIGHT about now would be the time to be considering alternatives to negative interest rates.
First off, let’s take stimulus spending off the table, at least in the United States. A fiscal boost may well be warranted, but so are peace, love and understanding and this is a presidential election year.
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