Japan’s Unconventional Monetary Policy and Initiatives Toward Ensuring Stability of the Global Financial System
نویسنده
چکیده
The global economy is yet to completely recover from the aftermath of the Lehman shock, and each country is grappling with its own thorny issues. Japan has not been able to escape from a vicious cycle of deflation and stagnant economic activity for the past 15 years and dynamism has gradually vanished from economic activity. For a sustained economic recovery, it is necessary to overcome deflation and turn firms’ and households’ actions into more proactive ones.
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