Kowalewski, Pawel; Shirai, Sayuri - 2023
operational independence and the lessons learnt from Japan's bubble experience, meanwhile, the Bank of Japan (BOJ) was granted … independence under the new 1997 Bank of Japan Act. Japan's economic problems starting from the 1980s also coincided with the period …Low inflation hit the Japanese economy shortly after the burst of the bubble in stocks and real estate in 1991 and has …