Japan start to implemented the "zero interest rate policy".

This news basically talks about the Bank of Japan implemented of the "zero interest rate policy" after an interval of 4 years. And also it casued the Japan's central bank unexpectedly decided to cut the overnight rate to 0.0% -0.1% range on Tuesday. and promised to maintain the this pocily until the price stabilizes. The purpose for Japan is the government trying to drive down long-term market interest rates and lower risk premium. I think, because the economics going down, the price is going up, then make people more hard to live, so the government take this act to increase the economic and to keep the economic proce situation. Meanwhile, Japan cut interest rates also intended to prevent further appreciation of the economic downturn.

http://biz.cn.yahoo.com/ypen/20101008/41124.html