Japan’s increase of its interest rates to being from negative to positive for the first time in 17 years was a minor basis point change, yet it is significant in the grand scheme of things.
With a declining population, many women choosing to work, and a strict policy regarding dual nationality, it is difficult for the country’s economy to fight deflation relative to the rest of the world’s inflation rates, which have been too high.
Already a subscriber? Log in
Black Friday sale
Subscribe today and get 10 weeks of The Spectator Australia for just $1
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Comments
Black Friday sale
Subscribe today and get 10 weeks of The Spectator Australia for just $1
SUBSCRIBEAlready a subscriber? Log in