Centralna banka Japana u realizaciji QEE (Quantitative and Qualitative Easing) snizila je kamatnu stopu (-0,1%) – slično Švajcarskoj CB. To je dodatno (pošto je FED povećao referentnu kamatnu stopu) uticalo na slabljenje jena. Ideja BOJ je da sa negativnom kamatnom stopom (bankama naplaćuje čuvanje viška rezervi) podstakne ubrizgavanje više novca u ekonomiju [(1) poboljšanje ekonomskih izgleda, (2) ublažavanje rizika, (3) smanjivanje bežanja u sigurnu imovinu, pa i Au]. Najavljeno dalje snižavanje po potrebi, kako bi ostvarili željeni nivo inflacije (2%).
Introduction of „Quantitative and Qualitative Monetary Easing with a Negative Interest Rate“
The Central Bank of Japan, in the implementation of QEE (Quantitative and Qualitative Easing), lowered the interest rate (-0.1%) – similar to the Swiss CB. This additionally (since the FED increased the reference interest rate) influenced the weakening of the yen. The BOJ’s idea is to encourage the injection of more money into the economy with a negative interest rate (banks are charged for keeping excess reserves) [(1) improving economic prospects, (2) mitigating risk, (3) reducing the flight to safe assets, even Au]. Further lowering was announced as necessary, in order to achieve the desired level of inflation (2%).