Japan has gone its own way on fighting inflation – can NZ learn from a global outlier?
- Written by Michael Mouat, Researcher in Economic Geography, Massey University
Like most countries over the past three years, New Zealand has tried to manage inflation by increasing interest rates. Japan, on the other hand, has taken a different tack – with clear success.
In 2016, the Bank of Japan (BoJ) set the country’s interest rate at -0.1% and left it there. During the same period, the Reserve Bank of New...
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