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snowflake
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2024-08-03 05:05:29

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?
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