It’s Too Early to Tell if Negative Interest Rates Will Lift Growth in Japan
The Bank of Japan left key interest rates unchanged on Thursday, but it's too early to tell if a negative rate policy will boost growth.
The Bank of Japan left key interest rates unchanged at minus 0.1 percent on Thursday, but it's too early to tell if a negative rate policy will boost growth. Japan pushed rates into negative territory back in February. It also maintained its pace of asset purchases at 80 trillion yuan a year. TheStreet's Scott Gamm speaks with Steve Blitz, chief economist at ITG.
