{"id":310475,"date":"2024-05-27T07:52:13","date_gmt":"2024-05-27T02:22:13","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=310475"},"modified":"2024-05-27T07:52:13","modified_gmt":"2024-05-27T02:22:13","slug":"we-have-overcome-the-zero-lower-bound-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/we-have-overcome-the-zero-lower-bound-crypto-news\/","title":{"rendered":"We have overcome the zero lower bound – Crypto News"},"content":{"rendered":"

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Bank of Japan (BoJ)\u00a0Deputy Governor Shinichi\u00a0Uchida<\/a>\u00a0said on Monday that \u201cwe have overcome the zero lower bound.\u201d<\/p>\n

Additional quotes<\/h2>\n
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We still have a big challenge to anchor the inflation expectations to 2%, the end of our battle is in sight.<\/p>\n

This time is different.<\/p>\n

We have overcome the zero lower bound.<\/p>\n

We returned to a conventional monetary policy framework, aiming at a 2% price stabilitytarget through adjustments of the short-term policy rate, which means we have overcome thezero lower bound.<\/p>\n

Labor market conditions have changed structurally and irreversibly.<\/p>\n

Not so clear if Japan has overcome deflationary norm.<\/p>\n

The main driving force for these developments and long-waited structural changes is labor shortages.<\/p>\n

Higher menu costs, together with mild inflation, have slowed the pace of price adjustment.<\/p>\n

And for us, the central bank, this requires more effort to get out of this situation.<\/p>\n<\/blockquote>\n

Market reaction<\/h2>\n

At the time of writing,\u00a0USD\/JPY<\/a>\u00a0is losing 0.15% on the day to trade at 156.75.\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Bank of Japan (BoJ)\u00a0Deputy Governor Shinichi\u00a0Uchida\u00a0said on Monday that \u201cwe have overcome the zero lower bound.\u201d Additional quotes We still have a big challenge to anchor the inflation expectations to 2%, the end of our battle is in sight. This time is different. We have overcome the zero lower bound. We returned to a conventional […]<\/p>\n","protected":false},"author":2,"featured_media":47562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,367,248,386,251,246,257,255,684,250,252,247,253,249,275,256,254],"class_list":["post-310475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-boj","tag-bsc","tag-centralbanks","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-interestrate","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/310475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=310475"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/310475\/revisions"}],"predecessor-version":[{"id":310476,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/310475\/revisions\/310476"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/47562"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=310475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=310475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=310475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}