Japanese Experiences and an International Comparison

Yoichi Matsubayashi () and Tamotsu Nakamura ()
Additional contact information
Yoichi Matsubayashi: Graduate School of Economics
Tamotsu Nakamura: Graduate School of Economics

Chapter Chapter 3 in Monetary Policies in the Age of Uncertainty, 2021, pp 43-57 from Springer

Abstract: Abstract This chapter’s main purpose is to increase the depth of understanding of Japan’s recent monetary policy. To examine the timing of the introduction and closure of Japan’s unconventional monetary policy, we must evaluate its effectiveness. This unconventional monetary policy consists of three pillars: quantitative and qualitative monetary easing, negative interest rates, and yield curve control. This chapter briefly explains the components and objectives of the three pillars and examines whether the intended objectives were actually achieved. A comparison of the Japanese experience with those of other advanced economies makes it clear that there are some substantial differences in unconventional monetary policies and their consequences among economies.

Keywords: Unconventional monetary policy; Quantitative monetary easing; Qualitative monetary easing; Nominal interest; Real interest; Regular workers; Non-regular workers; Yield curve control (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-981-16-4146-6_3

Ordering information: This item can be ordered from
http://www.springer.com/9789811641466

DOI: 10.1007/978-981-16-4146-6_3

Access Statistics for this chapter

More chapters in SpringerBriefs in Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().