. Deflation subsided by 2005. As soon as inflation appeared to stabilize near a rate of zero, the Bank of Japan rapidly reduced … of recent announcements regarding direct asset purchases by the Bank of England, the Bank of Japan, the U.S. Federal … Reserve and the European Central Bank. Empirical evidence from the previous period of quantitative easing in Japan between …

workers' income satisfaction and work morale. This paper uses the current deflationary recession in Japan to estimate this …

techniques, mainly vector autoregressions, focusing on Japan.While we find that basic relationships between the variables appear … unaltered by deflation, a further stimulative impact is difficult to implement once the zero bound is hit.This can be due to …

This paper investigates how monetary policy can help to avoid the liquidity trap by studying the experience of Japan …. First, I analyze how the Bank of Japan conducted interest rate policy over the 1990s as the economy entered a deflationary …

Japan still suffers a deflationary hangover from the great episodic yen appreciations of the 1980s into the mid-1990s …. Money wages are still declining, and short-term interest rates remain trapped near zero. After Japan's 'lost decade' from … Europe and the United States have grown, and are growing, faster than in Japan. As the yen becomes weaker in real terms …