Faculty News

Professor Kim Schoenholtz discusses the Bank of Japan's monetary policy

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Excerpt from Bloomberg -- "The Bank of Japan used to have a very poor policy arrangement. They did not aim at keeping prices stable. They encouraged the sustained deflation. But today's Bank of Japan is the most aggressive monetary policymaker on the planet. They've been doing more than virtually any other central bank to restore inflation expectations of about 2%. The problem for them is that it hasn't worked well."

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