Lessons from Japan's Experience in Monetary Policy

Kunio Matsuda, the chief representative in Frankfurt of the Bank of Japan, gave a speech entitled "Lessons from Japan's Experiences in Monetary Policy" at the University of Wuerzburg in Germany on February 7, 2001. Below is a summary; the full text is only available in German.

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The bubble economy in Japan was not new and is not old even now. We should not describe the 1990s in Japan simply as a "lost decade," without drawing precious lessons from

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