reply on: Japanese Bonds, Stocks Halted After Plunging Into Bear Market \ stacker news ~econ

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41 sats \ 1 reply \ @siggy47 OP 5 Aug \ parent \ on: Japanese Bonds, Stocks Halted After Plunging Into Bear Market econ

Japan just raised interest rates after over 30 years of rates near zero. It was a dramatic (crazy?) move in the face of recessionary signs.

21 sats \ 0 replies \ @Satosora 5 Aug

I see. Japans economy has been struggling for a while now. People arent interested in spending more than they need. Japan is a pretty thrifty society.