Did Quantitative Easing by the Bank of Japan “Work”?
Dec 22nd, 2008 | By Mika | Category: Point Of ViewOn March 19, 2001, the Bank of Japan (BOJ) embarked on an unprecedented monetary policy experiment, commonly referred to as “quantitative easing,” in an attempt to stimulate the nation’s stagnant economy. Under this policy, the BOJ increased its target for “current account balances” of commercial banks at the BOJ far in excess of their required [...]
