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kms_in_2weeks they/them  1mo ago (text post) 191 thread views #268651

can anyone explain me the negative interest rates of japan? does it mean you cant keep money in a bank account? or is it something else?

pls. how is zero inflation a bad thing?

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You pay a fee to store money rather than get paid interest

>how is zero inflation a bad thing

Modern economies only work if people are investing and spending money. A little inflation encourages people to use their money today rather than save it as cash

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what would happen if people were to withdraw and sit on the hard cash? will the planes start falling?

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The economy stagnates because money isn't moving.

The concern isn't whether you're keeping it in banks or not, it's whether you're actually doing something useful with the money. The whole point of negative interest rates is to get people to take their money out of the bank and start investing or spending it.

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For businesses itd be a nightmare a logistical nightmare handling billions of dollars in paper currency.

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bigger denomination notes. bonds maybe

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would i get money for borrowing and doing nothing? (since the rates are negative)

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Negative rates mean no one will lend to you, since they'd lose money doing so. That's why it's bad for an economy, where businesses are started (and maintained through downturns) by loans.

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You have that backwards.

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There is no forwards and backwards in the economy. It all feeds back and forward.

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This a bot. I won't be fooled again

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