Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad; Miyamoto, … - 2017
monetary policy. The last section reports our simulation results of tackling Japan's aging population by introducing a …In April 2013, the Bank of Japan (BOJ) introduced an inflation target of 2% with the aim of overcoming deflation and … forced to take further measures. Hence, in February 2016, the BOJ adopted a negative interest rate policy by massively …