Trawl through BoJ archives reveals emergence of current policy-making
Roots of current BoJ policy-making trace back to the 1990s
Researchers from the Bank of Japan's (BoJ) Institute for Monetary and Economic Studies have dug through the central bank's archives, identifying the emergence of much current thinking about monetary policy in the 1980s.
Masanao Itoh, Ryoji Koike, and Masato Shizume present their findings in a discussion paper published today (August 20). They describe the 1980s as a "watershed" for the BoJ, as the central bank moved away from a policy focused on external imbalances to one concentrating on price
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