Bank of Japan begins 1990s rate-cutting cycle

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• Princes of the Yen whole source · open book

  The Bank of Japan lowered the ODR ten times in the decade of the 1990s, beginning with the first reduction in July 1991, before which it stood at 6 percent. Until September 1993 it was lowered seven times, reaching 1.75 percent. The ODR was further lowered to 1.0 percent in April 1995 and to 0.5 percent in September 1995.

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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 32
• Paper money, central banks, and credit creation step 37
• Princes of the Yen: Japan built, bubbled, and broken step 207
• The lost decade: credit crunch, stimulus, and broken banks step 5

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