Will negative interest rates fix Japan’s problems? (Takashi Kozu, East Asia Forum)

The Bank of Japan (BoJ) started quantitative and qualitative monetary easing (QQE) in 2013, committing to achieve 2 per cent inflation in two years. Since then, almost three years have passed. But the target has not been achieved, and it is uncertain when it will be. This is why the BoJ has taken the bold step into the realm of negative interest rates.

http://www.eastasiaforum.org/2016/02/17/will-negative-interest-rates-fix-japans-problems/