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Erschienen in:
2015 | OriginalPaper | Buchkapitel
Expansionary Monetary Policy Revised
verfasst von : Yutaka Harada
Erschienen in: Japanese and Korean Politics
Verlag: Palgrave Macmillan US
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On April 4, 2013, Kuroda Haruhiko, the newly appointed governor of the Bank of Japan (BOJ), decided during a meeting of the BOJ’s Monetary Policy Committee to double the monetary base—which is the sum of cash in circulation, BOJ reserves, and money that BOJ can directly control—from 138 trillion yen at the end of 2012 to 200 trillion yen at the end of 2013 and to 270 trillion yen at the end of 2014 in order to realize a 2 percent inflation target. The governor noted that this will enable Japan to overcome 15 years of deflation.