In the 1990s,nominal interest rates in Japan were approximately

Name: In the 1990s,nominal interest rates in Japan were approximately
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In the 1990s, Japan faced a period of economic stagnation and deflation, which led to the central bank lowering nominal interest rates to near 0%. This policy was known as "Zero Interest Rate Policy" (ZIRP). Therefore, the best choice for nominal interest rates in Japan during that period is A) 0%.

In the 1990s,nominal Interest Rates in Japan Were Approximately