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With policy rates near the zero bound, the Bank of Japan (BoJ) has introduced a series of unconventional monetary …
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This paper asks whether the BoJ''s recent experience with unconventional monetary easing has been effective in supporting economic activity and inflation. Using a structural VAR model, the paper finds some evidence that BoJ''s monetary policy measures during 1998-2010 have had an impact on...
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The paper examines the effects of the supply pressure of the exports in the Japan-U.S. bilateral trade. A simultaneous … export supply pressure is much stronger in Japan’s exports than in the U.S. exports, and that supply pressure often affects …
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