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n China, as anywhere else, it’s no use looking to monetary policy to solve structural problems.

This is what two HSBC economists named Julia Wang and Jing Li in Hong Kong wrote last Monday after China announced its lowest GDP growth record, 6.9%, in six years:

Overall, today’s data point to some signs of stabilisation in the Chinese economy. But challenges remain. We forecast another 25 basis points (0.25 percentage points) policy rate cut and 150 basis points (1.5 percentage points) reserve ratio cut in the remainder of 2015.

Four days later, on Friday, the People’s Bank of China did just that, announcing a 25 basis point cut in the benchmark lending rate to bring it down to 4.35%, while reserve-requirement ratios for lenders were reduced by 50 basis points.

http://fortune.com/2015/10/26/what-chinas-interest-rate-cut-means-after-everyone-predicted-it/


at this time the BoJ has adopted an interest rate range of 0% to 0.1%.
[img]www.global-rates.com/images/charts/gr-cb-chart-12-1012.jpg
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http://www.global-rates.com/interest-rates/central-banks/central-bank-japan/boj-interest-rate.aspx