BoJ’s Iwata draws lessons from ‘Takahashi economic policy’


Kikuo Iwata, a deputy governor of the Bank of Japan (BoJ), has examined the policies of Korekiyo Takahashi in ending a deflationary spiral in Japan at the time of the Great Depression, and drawn parallels with monetary policy today.

At a symposium held in Takahashi's honour, Iwata described the remarkable career of a man who, early in his life, endured time as an indentured labourer and later lost his fortune in a mining enterprise that turned out to be fraudulent, but who later still went on to

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