Cartoon of the Day: Central Banking 101

07/12/16 03:25PM EDT

Cartoon of the Day: Central Banking 101 - negative interest rates cartoon 07.12.2016

According to the Fiscal Times:

"Japan's household sentiment soured and inflation expectations hit the lowest since the Bank of Japan adopted its massive stimulus program in 2013, a quarterly central bank survey showed... The ratio of households who said they trusted the Bank of Japan's policy management also hit a seven-year low, with more than half of the respondents doubting whether it was independent from government interference, the survey showed."

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