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.
Read More »2023-02-03
Is the Japanese Low Inflation–Low Interest Rate Model at an End?
