politics

Pandemic reduces BOJ's options in backstopping frail economy

6 Comments
By Leika Kihara

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> TOKYO

The Bank of Japan is set to boost funding support for companies, but it will avoid cutting interest rates, sources say, as it could encourage people to step out of their homes to splurge and undermine government efforts to curb the coronavirus outbreak.

The average Japanese don’t really care about interest rates when they don’t have any money to spend.

And what are interest rates in Japan now, -.01% right?

4 ( +6 / -2 )

How will giving tax money for salaries and bonuses of top CEOs help the Japanese economy.

how will preventing ordinary Japanese from spending their hard earned cash help the economy?

2 ( +3 / -1 )

If there is one thing the pandemic has shown us, it is that the financiers and "job creators" and all the quantitative easing(UBI for bankers) and breaks they get from the government are not what keep the economy going. It is those front line workers without which everything falls apart.

4 ( +4 / -0 )

The average Japanese don’t really care about interest rates when they don’t have any money to spend.

The average Japanese don't want to go out and spend money in the midst of this pandemic, and they also have an interest-bearing mortgage to pay off - or they are paying rent to someone who does, in my estimation .

2 ( +2 / -0 )

Tadashi Yanai criticises inadequate testing for the Covid-19 and warns economy risks collapse if Shinzo Abe does not expand national emergency. If Bank of Japan is running out of ammos, Yanai's prediction of the collapse of Japanese economy will become a reality at the current speed of Abe administration's ignorance over the pandemic.

0 ( +1 / -1 )

The only way for make in japan is to expand export in the time of corona virus and keep japanese makers alive

by downing the yen. There is no other way.

0 ( +1 / -1 )

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