Japan’s negative-rate policy has fallen flat, says AIA CIO
Negative rates have failed to spur domestic demand, and while institutions have been driven to invest more offshore, they now face other issues, says Mark Konyn of insurer AIA.
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.
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