This comes after years of record low rates across the globe due to
aggressive monetary policy by central banks.
Not exact matches
But manufacturers» sentiment improved in January and it is expected to rebound further in coming months helped
by recent softness in the yen and Abe's
aggressive fiscal and
monetary policy.
Since November, just before elections in December that bought the ruling Liberal Democratic Party (LDP) to power, Abe has pushed for bold measures and an
aggressive monetary policy to revive the Japanese economy, which is in recession and plagued
by years of deflation.
Moreover, policymakers have been
aggressive in supporting the economy
by easing
monetary policy and
by implementing a large fiscal - stimulus program.
By using
monetary policy alone to fight inflation, and being too
aggressive, bankers needed to make risky bets to get the same level of return that a normal growth economy would produce.