Japan's low-rate policies on its government and households. Because of the duration mismatch on the government balance sheet …

.S. Great Recession, and Japan's Long Recession. Temporary economic disruptions, such as banking crises and excessive debt …

-2004. First, we find that the Bank of Japan's policy commitment to continuing monetary easing until some prespecified conditions … sloping, indicating that the Bank of Japan's commitment failed to have su.cient influence on the market's expectations about …

in the US post-bubble period. But the US has worse fiscal and current account imbalances than Japan had at the same stage …

of Japan's rhetoric was not helpful in fighting deflation, and the interest rate hike in August 2000 amid deflation was a …

The paper aims at explaining why the Bank of Japan has not adopted inflation targeting, despite calls for such a policy …. Disclosed minutes of the Monetary Policy Meetings of the Bank of Japan, after March 1998, as well as Speeches by its members … give clues to changing reasons against inflation targeting. Inflation targeting was not adopted in Japan in the early years …

-Bretton-Woods data from the United States, the United Kingdom, and Japan, we report four main findings: First, there is no exchange rate …