Executive Board cuts the discount rate to 2.5 percent

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• Princes of the Yen whole source · open book

  In February 1987, the Executive Board decided, under MoF pressure, to reduce the ODR to the low rate of 2.5 percent.

  chapter: 13. The Princes of the Yen

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• Richard Werner author of the source

Appears in 4 stories

• Japan's asset bubble: credit orders, land, stocks, and the Nikkei step 9
• Paper money, central banks, and credit creation step 32
• Princes of the Yen: Japan built, bubbled, and broken step 175
• The Bank of Japan's window-guidance machine step 43

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