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Who is hurt worst by negative rates?

Jun. 2016

by Masaya Sasaki

While the BOJ's negative interest rate policy's adverse impact on financial institutions cannot be ignored, the one ultimately hardest hit by NIRP may be the BOJ itself when it attempts to normalize its currently ultra-accommodative monetary policy.

*Organization names and job titles are current as of the publishing dates

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Author's Profile

Masaya Sasaki

Senior Economist,
Center for Strategic Management and Innovation

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