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