According to Kazuo Ueda, the long period of nearly zero short-term interest rates in the Bank of Japan over the previous three decades makes it particularly difficult to determine a neutral interest rate...
Will target 10-year interest rate committing to keep it around zero IFM Correspondent September 21, 2016: Japan’s central bank issued a plethora of changes to its policy approach but kept rate steady. The Bank of Japan (BOJ) said it would start targeting 10-year interest rates, committing to keep them around zero as part of a...