Bank of Japan keeps easing policies in place, reaffirming position as global outlier

2 comments

1. RIP the yen

2. The zero-interest-rate policy is the only thing holding the Japanese economy up at the moment.

   They’re stuck in a catch-22: Raise rates and wreck the economy, or maintain zero-rates and deal with the weak yen.

   It’s going to be up to the government’s economic policies, not the Bank of Japan, to fix the Japanese economy. Although I don’t have faith in Kishida’s “new capitalism” either, especially if it just means [more privatization](https://www.reddit.com/r/japan/comments/vc1368/kishida_announces_expanded_privatization_of/). Kishida seems to be more fiscally conservative than Abe, so he might raise taxes and focus on austerity when what we really need is an expansionary fiscal policy (and the [abolition of the consumption tax](https://www.reddit.com/r/japan/comments/vonx5p/the_japan_subreddit_directory_basic_questions/iexb7nl/)!)