Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad; Miyamoto, … - 2017
In April 2013, the Bank of Japan (BOJ) introduced an inflation target of 2% with the aim of overcoming deflation and … reduce its 2% inflation target in the present low oil price era. Secondly, it argues that Japan cannot make a sustainable … interest rates are set too low. Japan's long-term recession is due to structural problems that cannot be solved by its current …