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?
The US Federal Reserve remains a secretive organisation. For good reason, they are highly guarded about potentially market sensitive information. However, in a recent embarrassing leak, they accidentally posted its staff forecasts from the June Federal Open Market Committee (FOMC) on the internet.