If this theory were correct, it would clearly be relevant to Japan. Japan has effectively been in a liquidity trap, with policy rates very near zero, and now below it, since 1996, as shown in the …
( read original story …)
The Japan News
If this theory were correct, it would clearly be relevant to Japan. Japan has effectively been in a liquidity trap, with policy rates very near zero, and now below it, since 1996, as shown in the …
( read original story …)