On Friday the Bank of Japan implemented Negative Interest Rate Policy, or NIRP.
It is the second Central Bank to do so. The European Central Bank or ECB first went to NIRP in June 2014.
Thus, between Japan and Europe, over 20% of the world’s GDP is being managed by a Central Bank with NIRP.
More importantly, TWO major currencies in the world are now at NIRP while the US Dollar is at 0.5%.
Why does this matter?
Because hundreds of billions of Dollars in capital will be fleeing Japan to come to the US.