Taming Japan's Deflation
The Debate over Unconventional Monetary Policy
Gene Park, Saori Katada, Saori N. Katada, Giacomo Chiozza, Yoshiko Kojo
Bolder economic policy could have addressed bouts of deflation in post-Bubble Japanese history, write Gene Park, Saori N. Katada, Giacomo Chiozza, and Yoshiko Kojo in Taming Japan’s Deflation. Despite warnings from economists, intense political pressure, and "unconventional monetary policy" options to address this problem, Japan’s central bank...