Japanese Monetary Policy

Kenneth J. Singleton

ISBN 10: 0226760669 / ISBN 13: 9780226760667

Published by The University Of Chicago Press Jun 1993, 1993

About this Item

Neuware - Introduction Kenneth J. Singleton1 A Comparative Perspective on Japanese Monetary Policy: Short-Run Monetary Control and the Transmission Mechanism Kazuo Ueda2 Market Operations in Japan: Theory and Practice Kunio Okina3 Japanese Corporate Investment and Bank of Japan Guidance of Commercial Bank Lending Takeo Hoshi, David Scharfstein, and Kenneth J. Singleton4 The Interest Rate Process and the Term Structure of Interest Rates in Japan John Y. Campbell and Yasushi Hamao5 Monetary Policy and the Real Economy in Japan Hiroshi Yoshikawa6 An Aggregate Demand-Aggregate Supply Analysis of Japanese Monetary Policy, 1973-1990 Kenneth D. West.

Seller Inventory # 9780226760667

Bibliographic Details

• Title: Japanese Monetary Policy
• Publisher: The University Of Chicago Press Jun 1993
• Publication Date: 1993
• Language: English
• ISBN 10: 0226760669
• ISBN 13: 9780226760667
• Binding: Buch
• Condition: Neu
• Dimensions: 24W x 17H x 2D millimeters 24 millimeters width by 17 millimeters height by 2 millimeters depth
• Weight: 482 grams

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Synopsis

How has the Bank of Japan (BOJ) helped shape Japan's economic growth during the past two decades? This book comprehensively explores the relations between financial market liberalization and BOJ policies and examines the ways in which these policies promoted economic growth in the 1980s. The authors argue that the structure of Japan's financial markets, particularly restrictions on money-market transactions and the key role of commercial banks in financing corporate investments, allowed the BOJ to influence Japan's economic success.

The first two chapters provide the most in-depth English-language discussion of the BOJ's operating procedures and policymaker's views about how BOJ actions affect the Japanese business cycle. Chapter three explores the impact of the BOJ's distinctive window guidance policy on corporate investment, while chapter four looks at how monetary policy affects the term structure of interest rates in Japan. The final two chapters examine the overall effect of monetary policy on real aggregate economic activity.

This volume will prove invaluable not only to economists interested in the technical operating procedures of the BOJ, but also to those interested in the Japanese economy and in the operation and outcome of monetary reform in general.

About the Author

Kenneth J. Singleton is C.O.G. Miller Distinguished Professor of Finance in the Graduate School of Business at Stanford University.