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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
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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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