Things we must consider in shaping Japanese economic policy for the future

Keiichiro Kobayashi 10 February 2013

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With the Japanese government now under the stewardship of Prime Minister Shinzo Abe, Japan is set to pursue economic policy that calls for bold monetary easing in order to end deflation. The policy is predicated on the perception that once Japan successfully exits from deflation – by setting an explicit inflation target and taking bold monetary easing measures – the economy will grow and jobs will be created.

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Topics:  Institutions and economics Politics and economics

Tags:  Japan, policymaking, Ageing

The dangers of increased transparency in monetary policymaking

Ellen E. Meade, David Stasavage 26 June 2008

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Since the mid-1990s, there has been a trend towards greater transparency in economic policymaking – particularly with respect to monetary policy – and a number of central banks, including Sweden’s Riksbank and Britain’s Bank of England, have adopted a very transparent monetary policy regime known as inflation targeting. The United States does not subscribe to inflation targeting, but the Fed has also become much more transparent about its policymaking and operations over the past 15 years.

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Topics:  Institutions and economics Monetary policy

Tags:  transparency, Central Banks, policymaking