|In Japan, Cheap Money is a Thing of the Past|
Loose Money and Short Term Interest Rates
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Reference ID: A143047551 and A142990053
The Bank of Japan, the nation's central bank, announced that it will end its loose money policy followed in recent years. Rather, the bank will use increased interest rates to guide the future of the now-healthy Japanese economy. The main message in the announcement was to declare victory over an extended stretch of economic stagnation previously experienced by the Japanese economy.
|Source||Martin Fackler, "Japan Ends Loose Money Policy", The New York Times Online, March 9, 2006 and Martin Fackler, "Japan Central Bank Declares an End to the Economic Blahs," The New York Times Online, March 10, 2006.|
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