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Japan’s Massive Money Experiment Is Over
On March 19, Japan ended its long economic experiment. The Bank of Japan scrapped the world’s last negative interest rate, ordering its first increase since 2007. The move ends the most aggressive monetary stimulus program in modern history and signals confidence the country is leaving behind years of deflation and economic stagnation. But how will this massive shift disrupt everyday lives across the country and beyond? (Source: Bloomberg)
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