Japan suffered a very high inflation rate in 1973-74. The CPI inflation rate rose to near 30% in 1974, the highest rate … monetary policy should not be overruled or the high inflation would be repeated. By this logic, the Bank of Japan obtained /de …, the Bank of Japan was able to tighten monetary policy and to contain the inflation rate under 10 percent. The interest …

of Japan's rhetoric was not helpful in fighting deflation, and the interest rate hike in August 2000 amid deflation was a …This paper reviews Japanese monetary policy over the last two decades with an emphasis on the experience of deflation … serious mistake. Deflation can be quite costly, and a key element in both preventing and escaping deflation is the management …

The paper aims at explaining why the Bank of Japan has not adopted inflation targeting, despite calls for such a policy … give clues to changing reasons against inflation targeting. Inflation targeting was not adopted in Japan in the early years … specific number for an appropriate inflation rate. A Bank of Japan study, completed in October 2000, did not give any clear …

actual real interest rate; (3) the nominal (policy) interest rate is zero; (4) deflation, i.e., negative inflation rate. As a … (4) deflation. A closer examination of how Japan got into the Japanization state reveals that it is a combination of (a … easing policies when deflation first occurred; (e) the absence of an inflation target; and (f) the absence of timely, large …

This paper investigates whether the Bank of Japan has practiced a monetarist rule since 1975. The Bank of Japan (BOJ …, and inflation has subsided without causing a major fluctuation in output. This seems to be a successful case of the …

country to another. Inflation did not soar in most Asian countries, including Thailand and Korea, after the exchange rate … depreciated during the crisis. Indonesia, however, suffered very high inflation following a very large nominal depreciation of the … effects of domestic price inflation and sharp nominal exchange rate depreciation in the post-crisis period …

intervention by the Bank of Japan was rather limited at that point. The Bank of Japan, adopted the "high interest policy" in … October 1985. By narrowing the interest rate gap between Japan and the United States, the Bank of Japan successfully led to … in oil prices. After the third wave was over, the Bank of Japan started intervening the market in support of the dollar …

the U.S. and Japan were examined explicitly both with respect to possible major events behind large jumps andthe response …