英語 での A negative interest rate の使用例とその 日本語 への翻訳
{-}
-
Colloquial
-
Ecclesiastic
-
Computer
-
Programming
And a negative interest rate policy.
So why did the Bank of Japan adopt a negative interest rate at this timing?
The Bank applies a negative interest rate of minus 0.1 percent to current accounts that financial institutions hold at the Bank.
The Bank of Japan(BoJ) and the European Central Bank(ECB)are already implementing a negative interest rate policy.
A negative interest rate in the money markets means that the short end of the yield curve will be lowered to below zero percent.
人々も翻訳します
On the other hand,there is limited potential for the US to introduce a negative interest rate policy like Japan and the ECB.
Difficult to introduce a negative interest rate policy in the United States On the other hand, in the US, policy interest rates seem to be leveling out.
The JGB yieldcurve has declined after the introduction of"QQE with a Negative Interest Rate," and policy effects have been seen.
As the needs of both investors and those needing funds match in this way,short-term money market transactions will be made at a negative interest rate.
On January 29, the Bank of Japan introduced a negative interest rate(-0.1%) and is expected to push ahead with more easing measures after March.
In addition, the Bank of Japan introduced a plan for quantitative and qualitative monetary easing in April 2013 andannounced a negative interest rate policy in January 2016.
In that case, there is a risk that a negative interest rate will actually have an adverse impact on the functions of financial intermediation.
Here, it is worth referring to the case of financial institutions in Europe,where a negative interest rate policy has been introduced, as in Japan.
In countries where a negative interest rate policy has been introduced, such as Denmark or Switzerland, the empirical finding is that it is not effective in stimulating the economy.
Third, it was made clear that,with a combination of large-scale purchases of Japanese government bonds(JGBs) and a negative interest rate, central banks can exert strong downward pressure on the entire yield curve.
Meanwhile, the Bank of Japan announced a negative interest rate policy in January 2016, enforcing this policy from February onward. MUFG has thus experienced significant changes in its operating environment surrounding it.
K-zma"When is the impact of negative interest rate policy reflected in the performance of real estate companies?" 22 monthshave passed since the BOJ decided to introduce a negative interest rate on January 29, 2016.
The Bank of Japan in January 2016 introduced a negative interest rate policy in order to address the strong headwinds caused by turbulence in global financial markets.
Second, a larger negative interest rate would incentivize financial institutions to withdraw more cash from their current accounts at the central bank in an attempt to avoid a negative interest rate being applied.
The experience since then proves that the combination of a negative interest rate and purchases of government bonds is effective in influencing the entire yield curve.
Through"QQE with a Negative Interest Rate," the Bank's aim is to lower theshort end of the yield curve by applying a negative interest rate of minus 0.1 percent to part of financial institutions' current account balances at the Bank of Japan.
After increasing the amount of its asset purchases further in 2014,it adopted a negative interest rate policy in January 2016 and introduced QQE with Yield Curve Control in September of that year.
As is indicated by these measures, not only"a negative interest rate" but additional monetary easing in terms of"quantity" and"quality" dimensions will naturally remain a policy option.
While all the central banks strongly recognize that a negative interest rate policy damages the profits of financial institutions and destabilizes the financial system, there may actually be room for further expansion of the range of negative interest rates. .
To address these risks, the European Central Bank(ECB) implemented additional monetary easing--including the introduction of a negative interest rate-- in June and September 2014, and also showed its commitment to further implement monetary easing measures, if needed, at the Governing Council in November.
I voted against both of these measures. As for the reason for my opposition to a negative interest rate in particular, I believe that the expansion of the monetary base and the introduction of a negative interest rate are essentially contradictory and their combination lacks sustainability.
In combination with the continuation of large-scale purchases of JGBs, a negative interest rate will exert downward pressure on interest rates across the entire yield curve more powerfully.
For instance, in the United States, where money market mutual funds(MMMFs)play a pivotal role in financial markets, a negative interest rate policy has not been adopted; instead, the main measure for monetary easing has been to push down long-term rates through the purchases of long-term government bonds.