Bank of Japan paper examines reasons behind chronic deflation
A working paper published by the Bank of Japan today (July 31) summarises the findings of a joint Bank of Japan and University of Tokyo conference on the causes of deflation in Japan since the 1990s.
The authors, Kenji Nishizaki, Toshitaka Sekine and Yoichi Ueno, present statistics that show Japanese CPI inflation averaged 0% from 1996–2000, –0.4% from 2001–05 and 0% from 2006–09. The paper finds this was caused by a number of factors, including a liquidity trap, persistently low inflation
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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Initiative of the year: the Netherlands Bank’s ChatDNB
- Central Banking Awards 2024: fourth round announced
- Central bank of the year: Central Bank of Brazil