\nBanca Japoniei a pus cap\u0103t unei perioade de dob\u00e2nzi negative, cresc\u00e2nd costurile de \u00eemprumut pentru prima dat\u0103 din 2007, \u00eentr-o schimbare istoric\u0103, \u00een contextul \u00een care \u0163ara a l\u0103sat \u00een urm\u0103 decenii de defla\u0163ie, scrie FT. <\/p>\n
\nKazuo Ueda, guvernatorul BoJ, a pus cap\u0103t la mai mult de un deceniu de politic\u0103 monetar\u0103 ultra-elastic\u0103, abandon\u00e2nd o serie de m\u0103suri de relaxare care au fost puse \u00een aplicare pentru a stimula cea mai avansat\u0103 economie din Asia.<\/p>\n
\n\u00cen urma unui vot cu majoritate de 7-2, BoJ a declarat c\u0103 va ghida rata dob\u00e2nzii overnight pentru a r\u0103m\u00e2ne \u00eentr-un interval cuprins \u00eentre aproximativ zero \u015fi 0,1%, devenind astfel ultima banc\u0103 central\u0103 care a pus cap\u0103t utiliz\u0103rii ratelor negative ca instrument de politic\u0103 monetar\u0103. Rata sa de referin\u0163\u0103 a fost anterior de minus 0,1%.<\/p>\n
\nBoJ a apelat la ratele negative ale dob\u00e2nzii \u00een 2016, \u00eencerc\u00e2nd s\u0103 \u00eencurajeze b\u0103ncile s\u0103 acorde mai multe \u00eemprumuturi pentru a genera cheltuieli \u015fi pentru a limita riscurile unei \u00eencetiniri economice globale.<\/p>\n
\nAlte b\u0103nci centrale – din zona euro, din \u0163\u0103rile nordice \u015fi din Elve\u0163ia – au redus, de asemenea, ratele sub zero, sup\u0103r\u00e2nd uneori economi\u015ftii \u015fi rup\u00e2nd cu sute de ani de politic\u0103 stabilit\u0103.<\/p>\n
\nRatele negative au ajutat la evitarea amenin\u0163\u0103rilor defla\u0163ioniste, dar au crescut costurile pentru sistemul bancar \u015fi au permis companiilor zombi s\u0103 supravie\u0163uiasc\u0103, dar nu s\u0103 prospere – ceea ce a f\u0103cut ca b\u0103ncile centrale s\u0103 doreasc\u0103 s\u0103 evite repetarea experimentului.<\/p>\n
\nSchimbarea politicii de mar\u0163i a BoJ va declan\u015fa probabil, \u00een timp, schimb\u0103ri \u00een fluxurile de investi\u0163ii la nivel mondial \u015fi vine \u00een timp ce apar semne de schimbare mai ampl\u0103 \u00een economia japonez\u0103.<\/p>\n","protected":false},"excerpt":{"rendered":"
Banca Japoniei a pus cap\u0103t unei perioade de dob\u00e2nzi negative, cresc\u00e2nd costurile de \u00eemprumut pentru prima dat\u0103 din 2007, \u00eentr-o schimbare istoric\u0103, \u00een contextul \u00een care \u0163ara a l\u0103sat \u00een urm\u0103 decenii de defla\u0163ie, scrie FT. Kazuo Ueda, guvernatorul BoJ, a pus cap\u0103t la mai mult de un deceniu de politic\u0103 monetar\u0103 ultra-elastic\u0103, abandon\u00e2nd o […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[7283,246],"class_list":["post-225118","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-costuri","tag-crestere"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/225118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=225118"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/225118\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=225118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=225118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=225118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}