Government Debt and Monetary Policy Perspectives in Japan
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Hiroaki Miyamoto
Abstract
Amid rising global inflation, Japan, which has long struggled with deflation, is now witnessing increasing prices. Inflation and the appointment of a new Bank of Japan governor in April 2023 bring the future of its monetary policy into question. Changes in monetary policy could significantly impact the economy, particularly public finances, given Japan’s high debt. The Bank of Japan must carefully observe market reactions to changes in monetary policy, while the government should aim to improve its fiscal situation. In the meantime, Japan must carefully consider the effectiveness and potential drawbacks of monetary and fiscal policies.
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Articles in the same Issue
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- Selective Bond Purchases – May the ECB Chose Winners and Losers?
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- Long-Term Strategies to Reduce Public Debt from a Historical Perspective
Articles in the same Issue
- Frontmatter
- Editorial
- The Economists’ Voice, June Issue 2023, Editorial
- Policy Papers
- Davids and Goliaths: Hidden Champions in an Age of Industrial Policy
- Can You Have Your Corporate Wokeism and Eat it too?
- Lessons from Latin America Dollarization in the Twenty First Century
- Measuring Communication Quality of Interest Rate Announcements
- The Political Economy of Transatlantic Security – A Policy Perspective
- Policy Forum: Monetary Policy and the Threat of Fiscal Dominance
- Apolitical Money – An Illusion?
- The ECB’s Transmission Protection Instrument and Fiscal Stability
- Debt Sustainability in the Emerging New EU Fiscal Framework: A Major Change
- Government Bond Spreads in the Euro Area
- Selective Bond Purchases – May the ECB Chose Winners and Losers?
- Britain’s Failed Attempt at Monetary and Fiscal Exceptionalism
- Government Debt and Monetary Policy Perspectives in Japan
- Long-Term Strategies to Reduce Public Debt from a Historical Perspective
