efficiency of investment as well as to declining fixed capital investment due to digitalization (secular stagnation). In contrast … permanently. Furthermore, we find no empirical evidence for the global savings glut and secular stagnation hypotheses. Instead …

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. …

the tumultuous five years (2008-2013) during which he served as governor of the Bank of Japan. Many books have been … bubble, the financial crisis, deflation, the rapid aging of the population, and the experiences of Japan on the frontier of … severe natural disaster, such as the earthquake hitting Japan in 2011-are covered. The political economy aspect and …

pressure. Since February 1999, the Bank of Japan (BoJ) has conducted several unconventional monetary policy programs …

time were the United States and Japan. Accordingly, the paper examines relevant policies of these two economies to explain … developments in the lead-up to the Crisis are identified as key contributing factors: Japan's withdrawal of fiscal and monetary … markets which triggered a massive flow of funds into industrialized countries' asset markets; and Japan's policy decision to …