The success, or lack thereof, of the Bank of Japan's quantitative easing program is of interest not only as an …

One of the primary motivations offered by the Bank of Japan (BOJ) for its quantitative easing program -- whereby it …

in Japan, a monetary aggregate and an interest rate. The paper tests whether these variables are good predictors of … model, over two periods between 1960 and 1992. In the earlier period when Japan's financial markets were less developed, a …