Shirakawa warns US and Europe have more to learn from Japan's experience


The governor of the Bank of Japan, Masaaki Shirakawa, said in a speech last week that the world outside Japan still has a lot to learn from his country's experience of a bubble bursting and ensuing financial crisis.

In a wide-ranging speech given to the National Press Club in Tokyo last week, Shirakawa said that though it "may seem unbelievable in hindsight, the overwhelming prevailing view overseas, before the collapse of the most recent credit bubble… was that aggressive monetary policy could

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:

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: