Quantitative easing proved effective in Japan: IMF paper

imf-2

Japan's quantitative easing measures had a significant impact on bond yields and equity prices, but no notable effect on exchange rate and inflation expectations, according to an International Monetary Fund paper published on Wednesday.

Raphael Lam, the paper's author, uses an event study approach to assess the impact of Japan's monetary easing measures on financial markets. With policy rates near the zero bound, the Bank of Japan (BoJ) has introduced a series of unconventional monetary easing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: