Quote from: qwertyup23 on October 01, 2019, 04:57:12 AM

Quote from: philipma1957 on August 24, 2019, 02:33:35 PM

If I remember correctly, the reason on why the Japan's Central Bank imposed negative interest rates was to encourage its people to spend since most of them are saving their money either in the bank or on their respective houses. Due to this phenomenon, there lacks an inflow of cash in the economic machinery which makes the prices lower and cheaper BUT no one spends their money.

This would be a good opportunity if Bitcoin were to be introduced as an investment alternative since people would be spending and purchasing bitcoins, just like what they are currently doing. It would be a both win-win situation to their economy and to the price of bitcoin as well.

I didn't know that. I thought they would be investing in things instead? Wouldn't that be much better and stimulate the economy? Surely in Tokyo people spend? I know there are a lot of old people living in japan compares to other countries so maybe they the ones that are saving? I can see people in rural areas saving. The people living in cities have to many flashing lights and adverts in their face all the time. It still makes no sense to me to have negative rates. It is just going to annoy people. I think it' a cheek. If I lived there I wouldn't even use the bank then I would juts invest my money and withdraw directly from there once a month to my bank and spend the money before too much negative interest incurs.