The EU referendum is looming, but the terms of the vote remain frustratingly vague. The question is settled: "Should the United Kingdom remain a member of the European Union or leave the European Union?". That sounds simple enough, but no-one has articulated what "leave" actually means.
When the global financial crisis broke, central banks in the West copied from the Japanese playbook and introduced quantitative easing to boost growth and inflation. Now it is Japan's turn to borrow from the West with NIRP (negative interest rate policy) - are they running out of options?