Kimura, Takeshi; Small, David - Federal Reserve Board (Board of Governors of the … - 2004
monetary easing" recently undertaken by the Bank of Japan when the nominal short-term interest rate was virtually at zero … effects were adverse on net for Japan's economy. However, our analysis counsels caution in accepting the view that, ceteris … monetary easing.
When the Bank of Japan initiated quantitative monetary policy easing in March
2001, it expected portfolio …