Official discount rate held at 2.5 percent

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• Princes of the Yen whole source · open book

  It is often said that the low official discount rate of 2.5 percent, maintained from February 1987 to May 1989, was the cause of the bubble.

  chapter: 9. The Great Yen Illusion: Credit Bubble and Bust

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• Richard Werner author of the source

Appears in 3 stories

• Japan's asset bubble: credit orders, land, stocks, and the Nikkei step 12
• Paper money, central banks, and credit creation step 34
• Princes of the Yen: Japan built, bubbled, and broken step 178

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