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Taming Japan's Deflation – The Debate over Unconventional Monetary Policy - Cornell Scholarship Online
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Taming Japan's Deflation: The Debate over Unconventional Monetary Policy

Gene Park, Saori N. Katada, Giacomo Chiozza, and Yoshiko Kojo


Bolder economic policy could have addressed the persistent bouts of deflation in post-bubble Japan, claims this book. Despite warnings from economists, intense political pressure, and unconventional policy options to address this problem, Japan's central bank, the Bank of Japan (BOJ), resisted taking the bold actions that this book claims would have significantly helped. With Prime Minister Abe Shinzō's return to power, Japan finally shifted course at the start of 2013 with the launch of Abenomics—an economic agenda to reflate the economy—and Abe's appointment of new leadership at the BOJ. The ... More

Keywords: economic policy, Japan, Bank of Japan, Abe Shinzō, Abenomics, monetary policy, central bank independence, policy network

Bibliographic Information

Print publication date: 2018 Print ISBN-13: 9781501728174
Published to Cornell Scholarship Online: May 2019 DOI:10.7591/cornell/9781501728174.001.0001


Affiliations are at time of print publication.

Gene Park, author
Loyola Marymount University

Saori N. Katada, author
University of Southern California

Giacomo Chiozza, author
American University of Sharjah