Japan has been using ZIRP for a long time now, there is no where for them to go when everyone else follows the same policy.
The Japanese economy shrank by over a quarter in 6 months
This is an annualised pace, so it actually shrank by 7.6% in the quarter, no?
Still pretty darn scary!!!
I had a good chuckle to myself when I heard that China predicts growth of 6% for the year
Isn’t that considered a recession in their books? What once you take out all the number fiddling and all?