It has been over two decades since the popping of Japan's economic bubble and the country is still actively battling with deflationary forces that are so powerful that near - zero interest rates (zero - interest rate policy or ZIRP), repeated bouts of quantitative easing (some call it «money printing») and constant Yen -
weakening currency interventions have barely made a dent.
Not exact matches
That
intervention helped
weaken the country's
currency amid widening yen - negative interest rate differentials.
After several attempts to
weaken its
currency through actual andverbal
intervention, earlier this month the SNB may have actually accomplishedwhat they wanted when it cut its inflation outlook through 2013.