PMIs services
Data Deluge and Bank of Japan Returns to ZIRP
October 5, 2010
The Bank of Japan cut the interest rate target on overnight uncolateralized money to 0-0.25% but in fact virtually zero (ZIRP). An asset purchase program was also established with the intent of driving long-term interest rates lower. Officials now see a slower pace of recovery and a delayed return to a path of sustainable growth […] More
