Hurts japan companies more. Nirp is stupid.
i'm going all caps:
nirp is deflationary. It destroys wealth by sucking money away from savers thus reducing the available funds for investing. If any of these so called economist had ever solved a pde or modeled a dynamical system they might realize this fact but they are all a bunch of political appointees. We need the nerds who did their homework in grad school, not these dolts.
Really, you want to make people pay a fee for the privilege of loaning their money to our worthless, shifty, evil government just so you can make a quick two or three percent return. You must live in Alexandria and not give a #$%$ about the rest of the country. My advice is to go long ropes and lamp posts if the fed ever tries to impose NIRP on U.S.