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Why The Bank Of Japan Has Failed To Conquer Deflation In Japan Shigeyuki Hattori

  • SKU: BELL-197249396
Why The Bank Of Japan Has Failed To Conquer Deflation In Japan Shigeyuki Hattori
$ 31.00 $ 45.00 (-31%)

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Why The Bank Of Japan Has Failed To Conquer Deflation In Japan Shigeyuki Hattori instant download after payment.

Publisher: Springer
File Extension: PDF
File size: 3.58 MB
Pages: 176
Author: Shigeyuki Hattori
ISBN: 9789819794072, 9819794072
Language: English
Year: 2024

Product desciption

Why The Bank Of Japan Has Failed To Conquer Deflation In Japan Shigeyuki Hattori by Shigeyuki Hattori 9789819794072, 9819794072 instant download after payment.

This book is published in English that fully reveals why the Bank of Japan (BOJ) under Governor Haruhiko Kuroda has failed to end deflation. The BOJ’s monetary policy was based on the theories of reflationist economists such as Kikuo Iwata. They argued that if the BOJ adopted an inflation target that had a deadline for meeting that goal, clarified the Bank’s responsibility, and supplied a large monetary base through a quantitative easing policy, inflation expectations would rise and deflation would be overcome.

This book shows that there is no theoretical basis or evidence for this claim. Furthermore, the supply of a large monetary base itself became impossible and was abandoned in 2016. However, since publicly stating that overcoming deflation is impossible would incur embarrassment and a loss of confidence, the BOJ made it appear as if a former policy was still in place.

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