recession

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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 1930ís. 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 …

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…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.