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13728814
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1344785
Board
Economics
Re: Bank of Japan institutes negative interest rates
by
Swordsoffreedom
on
31/01/2016, 00:59:13 UTC
Quote from: hector3115 on January 29, 2016, 04:26:02 AM
This is why I got into bitcoin. Coming to the US soon too. I'll never pay a bank to hold my money.
Forced inflation sucks especially if your a Japanese vending machine seller, went there and I loved the price and selection of drinks for low cost at nearly every street corner so this irritates me.
It may work though as it forces banks and investors to invest in a recession when the economy picks up those discounted assets they purchased might see a nice appreciation
http://www.marketwatch.com/story/what-you-need-to-know-about-the-bank-of-japan-and-negative-interest-rates-2016-01-29
http://www.latimes.com/business/la-fi-japan-negative-interest-20160129-htmlstory.html