Swiss Economicblogs.org
The Great Financial Crisis has exposed a deep chasm in economics and economic policy. No single institution is this crystallized more than at the Bank of Japan. The former Governor, Shirakawa brought policy rates to nearly zero to combat deflation. His successor, Kuroda, took the central bank in the completely other direction. He has introduced three elements of unconventional policy in an institution that was wedded to orthodoxy. These include an aggressive expansion of the central...
Read More »Daily FX, May 13: Toward a New Mouse Trap
