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recession
Title: recession
Category: Literature / English
Details: Words: 591 | Pages: 2.5 (approximately 235 words/page)
recession
Recession
Of all the economies in the world the last one most people would think are in danger of recession is Japan. Their technology advances are mesmerizing and yet the economy is in danger. They have had their interest rates lower than any economy in the world since the 1930’s. This of course was during the great depression.
The central bank of Japan(Bank of Japan) has tried to lower interest rates to get more …showed first 75 words of 591 total…
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…showed last 75 words of 591 total…out of it is a risk because they do not want the money unobtainable if the person borrowing the money declares bankruptcy. They need to do something before their economy gets worse and worse. If the banks lower rates to stimulate the economy, they have to actually loan the money out for it to work. But if they do not get the money back because of people claiming bankruptcy they are in the same position.
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