Lessons from Japan's Experience in Monetary Policy

Kunio Matsuda, the chief representative in Frankfurt of the Bank of Japan, gave a speech entitled "Lessons from Japan's Experiences in Monetary Policy" at the University of Wuerzburg in Germany on February 7, 2001. Below is a summary; the full text is only available in German.


The bubble economy in Japan was not new and is not old even now. We should not describe the 1990s in Japan simply as a "lost decade," without drawing precious lessons from

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