Top 3 Rates of Interest Paid on Savings Accounts at Japanese Banks (Notes from Under the Tatami Mats–55 … My Adventures in Japan)

in japan •  last year  (edited)

Abenomics dragged the Japanese economy further and further into the abyss.

The numbers say it all. But of course, those numbers don’t do  anything. Except help destroy an economy.

Many years before the USA and many other countries adopted their bizarre zero-interest-rate policies, Japan already had such an unspecified and unnamed policy in place.

(For convenience, let’s call it the “zeiroo-intaresuto-reeto porishii,” or ZIRP.)

    (Image source)

No, no, Abe-san. That’s not a solution.

Of course, ZIRP was totally ineffective in stimulating any growth. Quite the opposite, it just dragged the Japanese economy further and further into the abyss. With a nice, strong boost from Abe-no-no-nomics.   

At least in this respect, the USA and other developed countries have caught up with Japan. Unfortunately.       (Image source)

   Introduction to – “Notes from Under the Tatami Mats”  (right-click on title)

Top 4 Curry Restaurants in Japan
Top 4 Restaurants in Japan (other than curry)
Top 4 Drinking, Drinking, Drinking Buddies in Japan
... and more

Links to my Other Series …

      Introduction – "Intro to Vocab-ability"   (right-click on title)
      Guide – "Guide to Entries"   (right-click on title)
      Index– "Index" to all Chapters and Sections   (right-click on title)

      Lou Reed – "Anthology of Memorable Lyrics, Part 1"   (right-click on title)
      Lou Reed – "Anthology of Memorable Lyrics, Part 2"   (right-click on title)

Images sourced from Google Images, unless otherwise indicated or unless my own.

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Great and relevant post like always!
/FF

Thanks. Glad you're enjoying them.

No. Thank you!!!
=)

/FF

Dismal interest rates. No point in putting savings in a bank.

No kidding. That why my friends and I would send most of our money to our bank accounts in our home country.

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