CHAPTER 4 The New Bank of Japan Act

Chapters in this book

1. Frontmatter i
2. CONTENTS v
3. Prologue 1
4. PART 1 Career Building at the Bank of Japan
5. CHAPTER 1 Starting My Career 15
6. CHAPTER 2 The Japanese Bubble Economy 27
7. CHAPTER 3 The Bursting of the Bubble and the Financial Crisis 48
8. CHAPTER 4 The New Bank of Japan Act 74
9. CHAPTER 5 The Zero Interest Rate Policy and Quantitative Easing 88
10. CHAPTER 6 The Illusion of the Great Moderation 115
11. PART 2 The Days as Governor
12. CHAPTER 7 My Appointment as Governor of the Bank of Japan 133
13. CHAPTER 8 The Collapse of Lehman Brothers 146
14. CHAPTER 9 The Increasing Clamor for Beating Deflation 175
15. CHAPTER 10 Demographic Challenges and Raising Productivity 203
16. CHAPTER 11 The European Debt Crisis 220
17. CHAPTER 12 The Comprehensive Monetary Easing Policy 234
18. CHAPTER 13 The Great East Japan Earthquake 255
19. CHAPTER 14 Sixfold Suffering and the Currency War 272
20. CHAPTER 15 The Sustainability of Government Finances 293
21. CHAPTER 16 Enhancing the Stability of the Financial System 314
22. CHAPTER 17 The Joint Statement by the Japanese Government and the Bank of Japan 334
23. PART 3 The Roles of the Central Bank
24. CHAPTER 18 The Great Monetary Experiment and the Spread of Japanification 363
25. CHAPTER 19 Lessons from the Experiences of the Japanese Economy 373
26. CHAPTER 20 What Should We Expect of the Central Bank? 390
27. CHAPTER 21 The Global Cooperation of Central Banks 406
28. CHAPTER 22 The Independence and Accountability of the Central Bank 422
29. CHAPTER 23 The Central Bank as an Organization 436
30. Epilogue 453
31. NOTES 455
32. REFERENCES 471
33. ACKNOWLEDGMENTS 489
34. INDEX 495