| 1. | The record low Japanese rates make investments in other countries more attractive.
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| 2. | Each jump in interest rates makes the financial road bumpier for Argentina.
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| 3. | Higher Japanese rates make it more expensive for people to borrow yen.
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| 4. | Rising interest rates make it more expensive for investors to borrow yen.
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| 5. | Higher rates make deposits in the currency more attractive to global investors.
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| 6. | High rates make it more costly for companies to borrow and expand.
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| 7. | But the evidence that lower rates make a big difference is underwhelming.
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| 8. | Lower interest rates make it cheaper for companies to finance their businesses.
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| 9. | Higher rates make it more expensive for companies to finance their businesses.
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| 10. | Lower rates make it cheaper for companies to borrow money and invest.
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