Japan’s finance minister Taro Aso has warned from the continuing rise in the state’s money, the yen. It’s increased by 12 percent from the dollar, the direct reverse of what Aso needs this year alone. Tokyo is expecting that a lower yen will make Japanese exports more desired, thereby fostering flagging economic growth to the state’s.
The Bank of Japan declared that it could execute negative rates of interest, in a bid to support investment and keep the yen low before this year, the Guardian reports. Analysts have indicated that support growth and Japan is running out of methods to avoid deflation.
Japan isn’t the single market to introduce negative rates of interest.