Decline in oil prices and the negative interest rate policy in Japan

Research English OPEN
Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad;
(2016)
  • Publisher: Tokyo: Asian Development Bank Institute (ADBI)
  • Subject: E52 | E63 | Q43 | Oil prices | negative interest rates
    • ddc: ddc:330

In April 2013, the Bank of Japan (BOJ) introduced an inflation target of 2% with the aim of overcoming deflation and achieving sustainable economic growth. But due to lower international oil prices it was unable to achieve this target and was forced to take further meas... View more
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