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Zero interest-rate policy
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Zero interest-rate policy (ZIRP) is a macroeconomic concept describing conditions with a very low nominal interest rate, such as those in contemporary Japan and in the United States from December 2008 through December 2015 and again from March 2020 until March 2022 amid the COVID-19 pandemic. ZIRP is considered to be an unconventional monetary policy instrument and can be associated with slow economic growth, deflation and deleverage.
US inflation rates
US inflation rates
Bank of Japan
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The Bank of Japan is the central bank of Japan. The bank is often called Nichigin (日銀) for short. It is headquartered in Nihonbashi, Chūō, Tokyo.
Headquarters in Chūō, Tokyo
Headquarters in Chūō, Tokyo
Bank of Japan
Bank of Japan
The Osaka branch of the Bank of Japan is seen in the top right of this 1930 aerial photograph. The wide street in front of the bank is part of the Mid
The Osaka branch of the Bank of Japan is seen in the top right of this 1930 aerial photograph. The wide street in front of the bank is part of the Mido-Suji.
The head office of the Bank of Japan located in Nihonbashi Hongokucho, Chuo-ku, Tokyo
The head office of the Bank of Japan located in Nihonbashi Hongokucho, Chuo-ku, Tokyo