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After 20 Years, Has Japan Redefined Monetary Policy Success?

TedTed
in The Bullpen
FYI: Happy anniversary, ZIRP?

It was 20 years ago today that the Bank of Japan first cut interest rates to zero percent—the so-called Zero Interest Rate Policy—setting a precedent for aggressive monetary policy in the U.S. and Europe during their own financial crises years later.
Regards,
Ted
https://www.barrons.com/articles/japan-dropped-interest-rates-to-zero-20-years-ago-theyre-still-there-51549994899?refsec=bonds
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