Japanese banks are preparing with training for a move in policy rates.
Japan's central bank has kept interest rates zero for the past eight years to boost the country's stagnating economy. In other words, banks were incentivized to lend more by charging a fee to maintain surplus reserves. However, a policy change is coming because inflation has been above the Bank of Japan's 2% objective for more than a year. The Bank of Japan is anticipated to increase interest rates for the first time since 2007 as early as this week. Watch to find out more!
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