Can Japan’s zombie bond market be brought back to life?
illustration of the Japanese flag waving on a black flagpole against a solid red background. The flag features a stylized central design that resembles an eye, with a red circle in the center and gray vein-like lines around it
2024-08-29 816词 中等
Something similar is going on with Japan’s monetary policy. The country’s central bank experimented with zero interest rates and asset purchases a full decade before its peers in the West got in on the act after the global financial crisis of 2007-09. Today, however, Japan looks like a vision of the monetary past. Central banks elsewhere have begun to reduce their asset piles. The Bank of Japan’s hoard still sits at record levels.
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