Report

TOE Alert -- Banks, FSA Push Back Against Negative Rates

posted by Richard Katz on August 22, 2016

Found in Japan, categorized in Macro

Tags: Richard Katz TOE BOJ banks Kuroda Abe

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Headline

The yen is returning to the pattern we have seen since 2001, with the temporary exception of the first couple years of Kurodanomics. The ups and downs of yen/$ rate tends to mirror the gap between the 10-year US Treasury Bond and the 10-year JGB

Abstract

The Bank of Japan’s (BOJ) failed negative interest rate policy (NIRP) is provoking increased opposition among the big banks and the Financial Services Agency (FSA), the ministry which protects them

About Richard Katz

Richard Katz is Senior Fellow at the Carnegie Council for Ethics In International Affairs, the New York correspondent for Weekly Toyo Keizai, a leading Japanese business magazine, and formerly the editor of The Oriental Economist Report, a monthly newsletter on Japan.

Mr. Katz has taught about Japan’s economy as an Adjunct Associate Professor at the New York University Stern School of Business, and as a Visiting Lecturer in Economics at the State University of New York (SUNY) at Stony Brook.

Mr. Katz is the author of two books on Japan's economic travails and has just finished a third book on reviving entrepreeurship in Japan.

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