Detail Opening the Floodgates; Monetray Policy in Japan   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 407 no. 8831 (Apr. 2013), page 66-67. Topik: Economic Policy; Central Banks; Deflation; Demonstrations & Protests Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.76 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Japan's public is finally getting the message that the central bank is determined to beat deflation. The weekend after Haruhiko Kuroda, the Bank of Japan's new governor, announced radical monetary-easing measures, a newly-formed girl band with the catchy name of "Business on the streets of Japan" took to a Tokyo stage. The artists, a group of high-school and university students, pledged to remove their skirts if the Nikkei, Japan's benchmark share index, hit 13,000 after the central bank's announcement. Both the Nikkei and the band delivered. The scale of the BoJ's monetary actions marks a decisive break with the past. During nearly 15 years of deflation the bank was repeatedly criticised for failing to pursue quantitative easing with the conviction and scale that would persuade consumers and markets that inflation would return. After taking office as prime minister last year, Shinzo Abe talked of curbing its independence if it did not act. In January the bank grudgingly set a 2% inflation target but seemed to put the onus on the government to get there, mainly through structural reforms designed to boost growth. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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