Showing 15,601 - 15,610 of 15,664
This short paper is an abbreviated version of Nishizaki et al (2012). Japan has suffered from long-lasting but mild … paper examines a long list of these structural features that may explain Japan's chronic deflation.Full publication: "http …
Persistent link: https://www.econbiz.de/10013083468
The Federal Reserve and Bank of Japan corporate bond purchase programs in response to the COVID-19 crisis primarily … target bonds with five years or less remaining to maturity. This paper documents evidence suggesting that firms in Japan, but … strikingly, in Japan, there is a large and disproportionate reduction in issuance of bonds maturing in seven years, a previously …
Persistent link: https://www.econbiz.de/10013221650
within a narrow vision of the world as divided into distinct political, social and economic spheres. Our goal in this article … one that has captivated academics and practitioners alike: Why did the market respond so powerfully to Bank of Japan …
Persistent link: https://www.econbiz.de/10013217158
The paper aims at explaining why the Bank of Japan has not adopted inflation targeting, despite calls for such a policy …. Disclosed minutes of the Monetary Policy Meetings of the Bank of Japan, after March 1998, as well as Speeches by its members … give clues to changing reasons against inflation targeting. Inflation targeting was not adopted in Japan in the early years …
Persistent link: https://www.econbiz.de/10013218428
For most of the time since 1995, the Japanese price level has declined. Since early 1999, short-term interest rates have mostly remained near zero. Also, starting in 2001, the excess reserves held by banks have risen dramatically. Many observers have concluded that central banks are powerless to...
Persistent link: https://www.econbiz.de/10013097076
Analysis suggests that Bank of Japan (BOJ) policy has been insufficiently expansionary for over a decade; that the BOJ … optimizing model indicates that such a policy would probably increase Japan's net imports. The BOJ Law presents some difficulties …
Persistent link: https://www.econbiz.de/10013097079
The price level is falling in Japan. To end deflation, the Bank of Japan should move to a strategy of actively creating …
Persistent link: https://www.econbiz.de/10013097095
The purpose of this paper is to analyze sustainability issues of Japan%u2019s fiscal policy and then to discuss the … authority of Japan because it has accumulated the debt outstanding much more than other countries …
Persistent link: https://www.econbiz.de/10012752153
Persistent link: https://www.econbiz.de/10014520743
Persistent link: https://www.econbiz.de/10012318373