The Bank of Japan’s balance sheet
Kosuke Aoki
Chapter 3 in Research Handbook of Financial Markets, 2023, pp 56-78 from Edward Elgar Publishing
Abstract:
The Bank of Japan (BOJ) has significantly changed both the size and composition of its balance sheet, reflecting the evolution of its unconventional monetary policy since the collapse of the asset price bubble in the early 1990s. The empirical literature suggests that the BOJ’s policy has been highly effective in controlling long-term interest rates and changing asset prices. While its effect on aggregate demand is found to be positive, its effect on inflation expectations and aggregate inflation remain weaker than that on aggregate demand.
Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781800375321/9781800375321.00009.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable
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:elg:eechap:20173_3
Ordering information: This item can be ordered from
http://www.e-elgar.com
sales@e-elgar.co.uk
Access Statistics for this chapter
More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla (darrel@e-elgar.co.uk).