oil price volatility on each sector in Japan, the world's third-largest crude oil consumer. In order to do so, we apply a …, which led to the shutdown of nuclear power plants in Japan, because of greater reliance on oil imports, the sensitivity of …

In April 2013, the Bank of Japan (BOJ) introduced an inflation target of 2% with the aim of overcoming deflation and …, the BOJ has to reduce its 2% inflation target in the present low oil price era. Secondly, it argues that Japan cannot make … even if interest rates are set too low. Japan's long-term recession is due to structural problems that cannot be solved by …