What are the deepest explanations for negative interest rates? It's most curious, to put it mildly; it seems not unlikely to be a sign of some epochal societal transition.https://twitter.com/sama/status/1215450930293817345 …
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One way to think of this regulation is "It's the government ensuring the soundness of domestic insurers." Another way is "The Japanese government sells access to desirable regulated markets, including in financial services. The requirement to buy JGB is part of the price."
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