Despite Prime Minister Shinzo Abe's new economic strategy, known as "Abenomics," being enacted in 2012, Japan's deflationary spiral continued. In an effort to stimulate economic growth, early in 2013 the Bank of Japan (BOJ) stepped in, using quantitative and qualitative monetary easing (QQE) with the aim of achieving an inflation target of 2% in two years. At that time, the short-term prime interest rate was 1.475% per year. Could an unconventional monetary policy work? Despite all efforts, Japan's economy remained weak. On 20 January 2016, the BOJ's governor, Haruhiko Kuroda, held a policy meeting in Tokyo, where the decision was made to introduce QQE with a negative interest rate.

【書誌情報】

ページ数：17ページ

サイズ：A4

商品番号：HBSP-HK1235

発行日：2020/6/16

登録日：2020/8/20