The effectiveness of Japan's negative interest rate policy

Research English OPEN
Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad; Miyamoto, Hiroaki;
(2017)
  • Publisher: Tokyo: Asian Development Bank Institute (ADBI)
  • Subject: E43 | E52 | E12 | Economics | Finance sector development | Japan
    • 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 mea... View more
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