Koyama, Kentaro - In: Cogent economics & finance 10 (2022) 1, pp. 1-20
The Bank of Japan (BoJ) conducts an unconventional monetary policy that includes exchange-traded fund (ETF) purchases … monetary policy framework, there are few studies on how such purchases have affected the stock markets or the real economy. The … literature on unconventional monetary policy by providing new insights. Ordinary least squares regression analysis is conducted …