Japan’s rate shift will hit zombie firms hardest
Viewsroom
Reuters
4.4 • 58 Ratings
🗓️ 14 March 2024
⏱️ 19 minutes
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| 0:00.0 | The views expressed on this podcast are those of the participants, not Aroger's News. |
| 0:08.3 | We think the central bank is finally about to move away from this policy of negative interest rates |
| 0:15.2 | and capping yield on government bonds to keep interest rates low. So a very, very loose monetary policy. |
| 0:22.1 | We think they will move either this month or next month for the first time in decades. |
| 0:26.5 | The US and Europe are still grappling with inflation and trying to figure out what is the |
| 0:31.4 | right level of interest rates. Japan, on the other hand, still has very little inflation, |
| 0:36.5 | but is hoping that higher wages |
| 0:38.0 | will allow the central bank to end an era of negative interest rates. |
| 0:42.3 | But such a change may take a toll on a horde of so-called zombie companies. |
| 0:47.3 | This fascinating situation is the focus of this week's Views Room. |
| 0:52.7 | Welcome back to the Views,, a podcast from Reuters breaking |
| 0:55.5 | views where columnists from around the world talk about the big stories of the week. I'm your |
| 0:59.9 | host, Amy Donnellan, coming to you from London. Japan is on the cusp of dramatic changes. I spoke |
| 1:07.1 | to my colleagues, Francesco Guerrera, our global head of economics and breaking views, |
| 1:11.5 | and Uda Galani, our Asia editor earlier this week, about what it all means. |
| 1:20.3 | Hi, just leave on work now. Sorry, it's a bit loud. |
| 1:23.1 | Basically, so I was thinking we could get Macies tonight. |
| 1:25.1 | I had a big Mac on my mind all day, and delivery fee on the app is now from 99P. |
| 1:29.3 | So you win? |
| 1:30.5 | Of course you are. |
| 1:31.0 | Love you. |
| 1:31.6 | Bye. |
... |
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