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41 sats \ 1 reply \ @siggy47 OP 5 Aug 2024 \ parent \ on: Japanese Bonds, Stocks Halted After Plunging Into Bear Market econ
Japan just raised interest rates after over 30 years of rates near zero. It was a dramatic (crazy?) move in the face of recessionary signs.
I see.
Japans economy has been struggling for a while now.
People arent interested in spending more than they need.
Japan is a pretty thrifty society.
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