Japan’s monetary policymakers are sticking to their guns
The falling yen is not just their problem
There have been few months in monetary history as consequential as this September. Countries everywhere have tightened the screws on borrowers to smother inflation. But there has been a notable holdout. The Bank of Japan (boj), the pioneer of modern zero-interest rate and bond-buying operations, is standing firm.
This article appeared in the Finance & economics section of the print edition under the headline “Last man standing”
Finance & economics October 1st 2022
- Financial markets are in chaos. What next for the real economy?
- Global rate rises are happening on an unprecedented scale
- Japan’s monetary policymakers are sticking to their guns
- The world enters a new era: Bail-outs for everyone!
- Investment banks are sharpening the axe
- Economists now accept exchange-rate intervention can work
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