Bank of Japan To Expand Range of 10 Year to 1%
Posted on 07/28/2023
Overnight lending rates can be used to control the economy, as most central banks are aware and are generally known to do. The U.S. raised the overnight rate to 5.5%, but the BOJ set the rate at -0.1%. The 10 year rate is under 0.5%, making money cheap. The BOJ says it will now be…
