snowflake on Nostr: As I got it Japan kept interest rates at zero for 30 years and recently bumped rate ...
As I got it Japan kept interest rates at zero for 30 years and recently bumped rate to 0,5% and we have a crash now
Can somebody explain
1: Why they kept at zero rates so long
2: What forced them to change policy
3: Were they aware of consequences?
Published at
2024-08-03 05:05:29Event JSON
{
"id": "42f159b5965498498335369899843dfe4b52816dce97b22b6e635d780c54fcea",
"pubkey": "efcb8e38f207e4c71d24b1a81fa51a3d73b788a71b82fd15a2bb5c64fcb945f7",
"created_at": 1722661529,
"kind": 1,
"tags": [],
"content": "As I got it Japan kept interest rates at zero for 30 years and recently bumped rate to 0,5% and we have a crash now\nCan somebody explain\n1: Why they kept at zero rates so long\n2: What forced them to change policy\n3: Were they aware of consequences?",
"sig": "62b91cc503233b11b057383b25135a3cd690b2d405e788148a65f7fbf3f55e3ef32eb9342faf244ec6f9426b7cdbee751b52fbe31922628191ad75e6c64270dd"
}