The Japanese Central Bank lowered the interest rate to almost 0 percent last Tuesday. The reason of this is that they want to make it cheaper for the Japanese to borrow, consume and invest. The interest rate will be cut down till there is price stabilization in the economy. Another important measure of the Japanese Central Bank to counteract deflation is the foundation of a fund they can use to buy up the debts of the government.
Dries Baeteman
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