JPMorgan's Chang Says Negative Rates Are Here to Stay

The video discusses the prevalence of negative interest rates globally, particularly in Europe and the potential for similar trends in the US and China. It examines the criticisms and limited effectiveness of negative rates in stimulating growth and inflation. The discussion includes future expectations for central bank actions, the ongoing debate about recession risks, and the significant increase in negative yielding debt.

What is the significance of the term 'japanisation' in the context of the discussion?

What is the current recession risk mentioned in the text?