A New Economic Chapter for Japan

This presentation examines the Bank of Japan's pivotal March 2024 decision to end its 17-year negative interest rate policy. It explores Japan's economic transformation from post-war miracle to prolonged stagnation, analyzing how the country's experimental monetary policies attempted to combat persistent deflation and boost exports. It details both the rationale behind negative rates and their mixed results, before assessing the implications of recent policy normalization for Japan's export-driven industries, currency strength, and broader economic recovery. The presentation also analyzes the nation's ongoing structural challenges, particularly Japan's aging population and massive public debt, while comparing Japan's monetary policy shifts with those of other major central banks.

Ending 17 Years of Negative Interest - A New Economic Chapter for Japan.pdf

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