Understanding Global Interest Rates and Economic Indicators in 2023

Japan:

Japan maintains a negative interest rate of -0.1% set by the Bank of Japan. This policy, part of the country’s monetary strategy, is aimed at mitigating economic damage. The Japanese government has also stepped up its purchases of riskier assets and corporate bonds to stabilize the economy and foster growth.

Interest rates are generally determined by a country’s central bank, except in cases where a nation is part of a specific union, in which the central bank of that union wields rate-setting authority. Japan’s inflation rate, as of August 2023, is at 2.73%. This inflation rate has ramifications for the wider economy, affecting consumer choices and business strategies.

November 3, 2023 | 1:11 pm