Yet that zero interest rate policy was evidence of an extremely tight monetary policy.
The Japanese bank has supposedly had, until very recently, a zero interest rate policy.
Coincidentally, BOJ was shocking the world with a theretofore unheard of zero interest rate policy.
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At some point corporate buying will become corporate selling, even in a zero interest rate environment.
This will require further measures beyond the current zero interest rate policy of the Bank of Japan.
Japan, already at virtually a zero interest rate, is intervening in forex markets to cheapen a surging yen.
Zero interest rate policy (ZIRP) was a leap into the unknown rather than an application of established knowledge.
The Fed remained committed to keeping ZIRP (zero interest rate policy) in place.
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Can Ben Bernanke begin to back away from the zero interest rate policy before the end of the year?
On the monetary front, the Bank of Japan took nearly 10 years before they got to a zero interest rate policy.
While this goes totally against economics 101, there is a reason investors are willing to hold liquid, zero interest rate debt.
This quarter may mark an important turning point for the company that has struggled under a near zero interest rate environment for more than a year.
The Bank of Japan may readopt the controversial zero interest rate policy in an effort to boost the country's ailing economy, governor Masaru Hayami has said.
Federal Reserve Chairman Ben Bernanke, who thinks his main job is to create full employment in America, believes that a zero interest rate regime will stimulate investment.
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Per market strategist Dave Rosenberg, interest income has declined by three percent over the past year as the Fed continues to enforce their near-zero interest rate policy.
Even a zero interest rate gives them a positive return.
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In its August policy statement the Federal Reserve took the highly unusual step of putting a specific time frame for the continuation of its near zero interest rate policy.
Instead, GM has become what one might call America's subprime auto maker, increasingly dependent on cheap credit, fueled by the Federal Reserve's near-zero interest rate policy, to support its made-in-China production strategy.
And every corporation small and large is feeling the side effects of Global Quantitative Easing (GQE), and the near zero interest rate policy, which undermine the functions of markets as price discovery mechanisms.
Of course, in a zero interest rate world where interest returns have dropped close to traditionally low Japanese levels in the U.S. and elsewhere, Japan at present does not have much of a competitive disadvantage.
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Since this would have amounted to direct losses to the banks that lent the money, the difference was smoothed over by "securitizing" the new loans against US Treasury bonds, which carry a zero interest rate and are totally safe.
With Bernanke and Co. pledging to keep buying bonds until the end of June and also to maintain ZIRP (zero interest rate policy) for as long as there is any threat at all of deflation, traders knew exactly what to do.
The remaining yield on longer-term bonds is a risk premium that is commensurate with U.S. interest-rate volatility (Japanese risk premiums are lower, but they also have nearly zero interest-rate variability).
The effects of October's zero interest-rate car-financing programmes continue to be seen in America's economic data.
Later that day, the BOJ made a U-turn on its zero interest-rate policy and raised rates by 0.25%.
One explanation for all the confusion is that it reflects a deeper uncertainty about why the Bank adopted its zero interest-rate policy in the first place.
Although the devaluation of sterling we've seen in the last few years - caused by a near-zero official interest rate and the massive money creation of quantitative easing - has probably been healthy, especially for exporters, more extreme degradation of the currency would bring risks.
Car sales gave a big boost to America's economy, but much of that was owing to zero-interest-rate financing and other incentives, which are now reaching their limit.
It was shoved back into recession partly by its own policies: an ill-timed tax increase in 1997 and the (temporary) ending of the Bank of Japan's zero-interest-rate policy in 2000.
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