[lee martell]

Didn’t Japan start doing this just last week?
Maybe we need to wait a few fiscal cycles to see how it works for them. But that would be ‘long term thinking’, something many American investors are reluctant to do.

[Former Proud Canadian]

Yes, Japan went NIRP and they just had to cancel a bond sale because no enough people wanted to buy bonds that had a negative yield. Go figure.

Now, what happens when a government HAS TO SELL BONDS to finance a budget deficit and to roll over maturing bonds AND, they can't sell their bonds because no one will accept the negative rates?