Japan's deflation, problems in the financial system and monetary policy

Japan's deflation, problems in the financial system and monetary policy

by Naohiko Baba

Book 188 of BIS working papers --

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"On 18-19 June 2004, the BIS held a conference on 'Understanding Low Inflation and Deflation'. This event brought together central bankers, academics and market practitioners to exchange views on this issue (see the conference programme in this document). This paper was presented at the workshop. The views expressed are those of the author(s) and not those of the BIS."

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