Zero interest rate policy adopted

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• Princes of the Yen whole source · open book

  Three years later, in October 1998, the Bank of Japan lowered the call rate to a new low of 0.33 percent. In February 1999, it fell to 0.1 percent—at the time called a “zero interest rate policy.”

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• Richard Werner author of the source

Appears in 3 stories

• Princes of the Yen: Japan built, bubbled, and broken step 292
• Quantitative easing begins in Japan step 12
• The lost decade: credit crunch, stimulus, and broken banks step 28

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