During recent decades, some major economies (regions), including Japan, the Eurozone, and a few other countries have adopted zero and then negative interest rates; a historically unconventional policy response. This assignment requires you to investigate and develop an essay on Japans zero and negative interest rate policy and the implications for its currencys value. In this essay you need to explain why any noticeable volatility in the currencys exchange rate against the US dollar occurred with adequate reference to knowledge learnt during the course. You need to cite appropriate references from academic journals, government announcements, newspapers, institutional reports, etc., to support your points.

During recent decades, some major economies (regions), including Japan, the Eurozone, and a few other countries have adopted zero and then negative interest rates; a historically unconventional policy response. This assignment requires you to investigate and develop an essay on Japans zero and negative interest rate policy and the implications for its currencys value. In this essay you need to explain why any noticeable volatility in the currencys exchange rate against the US dollar occurred with adequate reference to knowledge learnt during the course. You need to cite appropriate references from academic journals, government announcements, newspapers, institutional reports, etc., to support your points.