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