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In this overview of the Symposium papers, we note that the bubble that occurred in Japan's asset markets in the late … 1980s came at a time when the conventional indicators of Japan's economic performance were relatively stable. Following the … collapse of the bubble, neither the Bank of Japan (BOJ) nor the Ministry of Finance (MOF) took timely and effective measures to …
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Financial Policy and Central Banking in Japan -- Contents -- Preface -- Introduction -- The NCC's? Unprecedented … Trapsx and the New Bank of Japan -- Challenges Facing Financial Policy and Central Banking in Japan -- References -- Index. …
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Central banks responded with exceptional liquidity support during the financial crisis to prevent a systemic meltdown. They broadened their tool kit and extended liquidity support to nonbanks and key financial markets. Many want central banks to embrace this expanded role as "market maker of...
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