They've tried everything in Japan & Europe, getting governments trillions into debt, and now they want to go negative interest rates. Clearly what they did before didn't work, and now they are trying something else. They're shooting in the dark and unknowingly killing the economy. It doesn't take a genius to figure out people will just keep cash at home if you impose negative interest rates, and by keeping cash away from banks, reduce the reserves banks hold, and the money they can lend, reducing the money supply, exacerbating the deflation the NIRP was supposed to fight in the first place.[1]
There's no fraud and no lie, except for the fact central bankers operate on economic models detached from reality. The only lie is claiming to know more than they do.
The policies the Japanese central bank tried to impose to lower the value of the Yen in the past few months, only raised it. https://au.finance.yahoo.com/q/bc?s=USDJPY=X&t=3m&l=on&z=l&q...
"Central bank impotency" heading your way.
[1] http://www.wsj.com/articles/japanese-seeking-a-place-to-stas...