{"id":440678,"date":"2010-03-17T13:06:39","date_gmt":"2010-03-17T17:06:39","guid":{"rendered":"tag:www.economist.com,21005439"},"modified":"2010-03-17T13:06:39","modified_gmt":"2010-03-17T17:06:39","slug":"japan-ignores-zero-bound","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/440678","title":{"rendered":"Japan ignores zero bound"},"content":{"rendered":"<p><a href=\"http:\/\/www.economist.com\/blogs\/freeexchange\/2010\/03\/chinas_currency_3\">SPEAKING<\/a> of liquidity traps and the zero bound, <a href=\"http:\/\/www.nytimes.com\/2010\/03\/18\/business\/global\/18yen.html?hp\">here<\/a>&#8216;s an interesting story:<\/p>\n<blockquote>\n<p>In a bid to shore up a deflation-plagued economy, Japan\u2019s central bank  eased monetary policy further Wednesday by enlarging a loan program for  banks, setting the country, the world\u2019s second-largest economy, on a  path divergent from those of other industrialized nations&#8230;<\/p>\n<p>In a 5-to-2 vote at a policy meeting Wednesday, the Bank of Japan\u2019s  board decided to double a loan program for banks aimed at increasing  liquidity in the Japanese economy, to \u00a520 trillion, or $222 billion. The  fixed-rate loans are available for three months.<\/p>\n<p>The board voted unanimously to keep the bank\u2019s benchmark interest rate  on hold at 0.1 percent.<\/p>\n<p>\u201cThe latest step is additional monetary easing,\u201d the bank\u2019s governor,  Masaaki Shirakawa, said at a news conference. \u201cWe are employing the  available tools to contribute to improving the economy and overcoming  deflation.\u201d<\/p>\n<\/blockquote>\n<p>So there&#8217;s that.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SPEAKING of liquidity traps and the zero bound, here&#8216;s an interesting story: In a bid to shore up a deflation-plagued economy, Japan\u2019s central bank eased monetary policy further Wednesday by enlarging a loan program for banks, setting the country, the world\u2019s second-largest economy, on a path divergent from those of other industrialized nations&#8230; In a [&hellip;]<\/p>\n","protected":false},"author":4534,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-440678","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/440678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4534"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=440678"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/440678\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=440678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=440678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=440678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}