[theold]

The decision by the Bank of Japan, led by Governor Haruhiko Kuroda , on March 20 to raise interest rates may be a hope to break the curse of 33 years ago. However, if the lack of explanation causes misunderstandings in the market, or if the procedure for breaking away from the extraordinary easing is wrong, it could lead to a tragedy.

December 25, 1989. There have been historically significant changes in monetary policy. The Bank of Japan announced its third interest rate hike this year. The Nikkei Stock Average was in the 38,400 yen range. Shortly after that, the bubble burst. largely...


https://www.nikkei.com/article/DGXZQOFL0...2A2000000/