This paper analyzes the impact of monetary policy on household saving in Japan between 1993 and 2017. Using annual data … from the Japan Panel Survey of Consumers it is shown that monetary expansion has contributed to a widening gap in … it. The paper documents how inequality in terms of the ability to build up wealth has increased in Japan over the past …

The paper analyses the reasons for Japan's persistently low inflation since the bursting of the Japanese bubble economy … (low inflation conundrum). It is shown that Japan experienced a structural break from a high-growth period with relatively … creation in Japan's post-bubble period. With the price level being assumed to be dependent on both goods with free market …