Retired Major League Baseball superstar Jose Canseco, no stranger to bizarre online ramblings on random topics, has panned the Bank of Japan’s shock decision to adopt negative interest rates, calling the move “dumb.”
The former Oakland A, who also played with several other teams and dabbled in boxing and martial arts, tweeted to his 508,000 followers: “Negative interest rates in Japan is blowing my mind.”
Canseco, who has weighed in on social media about a diverse range of issues from lobsters to galactic beings to “nuking Mars,” posted a series of tweets Wednesday night that demonstrated, arguably, how the BOJ’s recent dip into subzero rates had made a splash beyond the business world.
“Who is advising Japan?” the Havana-born 51-year-old posted on his @JoseCanseco account, suggesting that going into negative territory would do little to help Japan beat deflation.
“Forcing banks to lend all (yen) will not get 2% inflation. It creates loanees market with even lower rates. Dumb move.”
Going further, the outfielder-turned-policy-analyst tweeted: “Bank of Japan should call them willie wonka bonds “YOU GET NOTHING. yOU LOSE!”
The BoJ’s latest move — effectively charging commercial lenders to park new deposits at the central bank — is aimed at ramping up lending to people and businesses in order to kick-start the economy.
Among Canseco’s other Twitter home runs was a post last week, declaring: “Nothing can beat a 3 pound Maine Lobster,” continuing a crustacean theme from last year in which he boasted of having dined on homemade lobster ravioli with his fiancee, model Leila Knight.
Some of the former slugger’s tweets have been decidedly left-field, however.
He raised eyebrows in December when he mused: “By my calculations if we nuked the polar ice caps on Mars we would make an ocean of 36 feet deep across the whole planet.” It was retweeted over 4,000 times.
Canseco has made a name for himself as somewhat of a bad boy in his post-MLB career after admitting to using steroids and facing several run-ins with the law. He was also a contestant on the U.S. reality series “Celebrity Apprentice.”