Explainer: why the Japanese economy is stuck in a holding pattern
- Written by Shino Takayama, Research Fellow in the Humanities and Social Sciences, The University of Queensland
The Bank of Japan is pulling yet another new monetary policy out of its bag of tricks in a bid to combat deflation, this time it’s “yield-curve control”. This is the latest in a history of unusual monetary policy, such as negative interest rates, that the bank maintains have been effective in improving Japan’s economy.
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