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Japan has reached the limits of conventional macroeconomic policy. In order to overcome deflation and achieve sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2% and implemented an aggressive monetary policy so this target could be achieved as soon as...
Persistent link: https://www.econbiz.de/10011134352
“Abenomics†refers to the economic policies advocated by Prime Minister Shinzo Abe who became prime minister of Japan for a second time when his party, the Liberal Democratic Party, won an overwhelming majority at the general election in December 2012. Abenomics has “three...
Persistent link: https://www.econbiz.de/10011134366
Japan has reached the limits of conventional macroeconomic policy. In order to overcome deflation and achieve sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2% and implemented an aggressive monetary policy so this target could be achieved as soon as...
Persistent link: https://www.econbiz.de/10011134385
“Abenomics†refers to the economic policies advocated by Prime Minister Shinzo Abe who became prime minister of Japan for a second time when his party, the Liberal Democratic Party, won an overwhelming majority at the general election in December 2012. Abenomics has “three...
Persistent link: https://www.econbiz.de/10011134392
The 1990s saw an era of fiscal consolidation in industrialised countries, which struggled with fiscal deficits throughout the 1970s and 1980s. Reforms in public expenditure management, typically the introduction of fiscal rules and targets, together with favourable economic growth contributed to...
Persistent link: https://www.econbiz.de/10009365424
considerable underemployment and where additional demand can create its own additional supply, (b) mobilize domestic savings for …
Persistent link: https://www.econbiz.de/10009363534
The saving rate in Japan has declined rapidly. Analyzing the possible four factors that could affect the saving rate in general, compared with theoretical implications, the data suggest that all elements might have a negative impact on the saving rate during the late 90s and early 00s. Such a...
Persistent link: https://www.econbiz.de/10009363835
, telecommunications, water, and sanitation during 20102020 (ADB/ADBI 2009). Asia has large savings, significant international reserves …Asia faces very large infrastructure funding demands, estimated at around US$750 billion per year for energy, transport … topics : First, what are the lessons for Asia from the European Unions experience of developing and integrating financial …
Persistent link: https://www.econbiz.de/10009363885
inherent in the current global financial system. Asia was adversely affected by the crisis not only because of its dependence …, extending the trade settlement scheme to the rest of Asia and appending a government bond payment and securities settlement …
Persistent link: https://www.econbiz.de/10011134337
This paper analyzes the evolution of East Asian monetary policy frameworks over the past two decades, chiefly in response to shocks from the Asian financial crisis of 1997–1998 and the global financial crisis (GFC) of 2007–2009. The Asian financial crisis showed the importance of...
Persistent link: https://www.econbiz.de/10011134345