Where the Bank of Japan errs
David Gitlitz comments on the Apr 14, 1995 move by the Bank of Japan to cut its already historically low discount rate by 75 basis points, to 1%. Gitlitz says the Bank of Japan thinks that a lower interest rate means "easier money," but in fact it has been withdrawing massive doses of liqu...
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| Published in | The Wall Street journal. Eastern edition |
|---|---|
| Main Author | |
| Format | Newspaper Article |
| Language | English |
| Published |
New York, N.Y
Dow Jones & Company Inc
21.04.1995
|
| Edition | Eastern edition |
| Subjects | |
| Online Access | Get full text |
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| Abstract | David Gitlitz comments on the Apr 14, 1995 move by the Bank of Japan to cut its already historically low discount rate by 75 basis points, to 1%. Gitlitz says the Bank of Japan thinks that a lower interest rate means "easier money," but in fact it has been withdrawing massive doses of liquidity from the Japanese banking system, increasing the scarcity of yen in international currency markets. |
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| AbstractList | David Gitlitz comments on the Apr 14, 1995 move by the Bank of Japan to cut its already historically low discount rate by 75 basis points, to 1%. Gitlitz says the Bank of Japan thinks that a lower interest rate means "easier money," but in fact it has been withdrawing massive doses of liquidity from the Japanese banking system, increasing the scarcity of yen in international currency markets. |
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| Snippet | David Gitlitz comments on the Apr 14, 1995 move by the Bank of Japan to cut its already historically low discount rate by 75 basis points, to 1%. Gitlitz says... |
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| Title | Where the Bank of Japan errs |
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