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Japan suffered a very high inflation rate in 1973-74. The CPI inflation rate rose to near 30% in 1974, the highest rate … rapid yen appreciation produced political pressure on the Bank of Japan to continue easing. The Bank of Japan came out of … monetary policy should not be overruled or the high inflation would be repeated. By this logic, the Bank of Japan obtained /de …
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Japan suffered a very high inflation rate in 1973-74. The CPI inflation rate rose to near 30% in 1974, the highest rate … rapid yen appreciation produced political pressure on the Bank of Japan to continue easing. The Bank of Japan came out of … monetary policy should not be overruled or the high inflation would be repeated. By this logic, the Bank of Japan obtained /de …
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