In Germany, for example, interest rates on public debt up to five years will be negative, and only slightly positive beyond that, producing a weighted average of zero. Clearly, Japan’s near-zero interest-rate environment is no longer unique.
比如，五年期德国公债利率将保持在负值，五年期以上公债也只是略高于零，加权平均则为零。显然，日本的近零利率环境已不再独特。