1995 | OriginalPaper | Chapter
Monetary Policy in Japan: A Perspective on Tools, Transmission Channels and Outcomes
Author : Mitsuaki Okabe
Published in: The Structure of the Japanese Economy
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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In Japan, as in many other countries, monetary policy has been substantially responsible for the nation’s macroeconomic performance, for good or ill. When changes occur in the economic structure, in the regulatory framework or in the international environment, it is inevitable that changes take place in the conduct of policy and in the process of transmission of policy effects.