BOJ Stimulus Never Less Effective as Cash Idles, Indicator Shows

Updated on
  • Money multiplier plunges to the lowest in data to 2003
  • Yotai gap widens to 207.6 trillion yen, near a record

BOJ Surprise: Kuroda's Act of Market Defiance?

A benchmark gauge shows the Bank of Japan’s stimulus has never been less effective and some bankers say negative interest rates have only made it harder to put cash to work in the economy.

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