Japan’s negative-rate policy has fallen flat, says AIA CIO

Using negative interest rates to stimulate domestic demand has clearly failed in Japan, argues Mark Konyn, chief investment officer of Asian insurance giant AIA. His view is supported by a review of such policy issued yesterday by rating agency Standard & Poor’s. Hong Kong-based Konyn told AsianInvestor that Japan was a very good example of how quantitative easing can fail to re-invigorate an economy. While he acknowledged that quantitative easing had been effective in the US …