Gunther Schnabl, Thomas Mayer



Articles by Gunther Schnabl, Thomas Mayer

Is the Japanese Low Inflation–Low Interest Rate Model at an End?

The macroeconomic situation in Japan seems to be coming to a head. When the Bank of Japan, under its President Haruhiko Kuroda, announced on December 20, 2022, that it would raise its interest rate ceiling on ten-year Japanese government bonds from 0.25 percent to 0.50 percent, share prices in Tokyo plummeted and the Japanese yen appreciated sharply.

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