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Kazuo Ueda, governor of the Bank of Japan, in Tokyo, on January 24, 2025. Richard A. Brooks / AFP inheritance of its insularity, the Japanese archipelago has its own rhythm. Still feudal when the West discovered the industrial revolution, the standard bearer of globalization when the word did not exist and that China was still sleeping, it often acts in a setback. Latest example, its relationship to inflation and interest rates. The latter remained negative when his partners went up to the explosion of inflation. Read also | Article reserved for our subscribers Japan won by political instability since the electoral defeat of the Liberal Democratic Party read later then, now that they drop everywhere, the Bank of Japan wakes up and increases his own. This Friday, January 24, it announced to bring its key rate to 0.5 %, its fourth increase since the release of “negative territory” in March 2024. A major event for the fourth world economy. The bursting of the stock market bubble in 1990, then that of real estate, in 1991-1992, caused such a crisis that they anesthetized domestic consumption. Consequently, and despite its exporting power, its growth, which once climbed around 4 %, has not taken off from 1 % for three decades. The government is forced to chain the recovery plans to support the activity, at the cost of a colossal debt representing 250 % of the gross domestic product. You have 55.55% of this article to read. The rest is reserved for subscribers.
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Author : News7
Publish date : 2025-01-24 14:57:47
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