Yen Flies, Dollar Dives

image of japanese notes and US dollar bills

One of the intended consequences of a country adopting a Negative Interest Rate Policy (NIRP) is a sharply lower domestic currency, which usually is considered a positive as it stimulates a region’s growth and inflation expectations. So when, in late January, Bank of Japan (BoJ) Governor Haruhiko Kuroda shocked the markets by introducing negative rates…

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