Abstract

The purpose of this paper is to explain first the background and mechanism of Japan’s policy on monetary aggregates, second the changes in the monetary and financial system which began in the early 1980s and are still continuing, and third the implication of these changes for the Bank of Japan’s current policy on the management of monetary aggregates.

Keywords

Income Posit Volatility 

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References

  1. Osugi, K. (1990), ‘Japan’s Experience of Financial Deregulation since 1984 in an International Perspective’, BIS Economic Papers, no. 26, January.Google Scholar
  2. Suzuki, Y. (1984) ‘Financial Innovation and Monetary Policy in Japan’, Bank of Japan, Monetary and Economic Studies, 2, 1, June 1984.Google Scholar
  3. Suzuki, Y. (ed.) (1988) The Japanese Financial System (Oxford: Oxford University Press).Google Scholar

Copyright information

© Stephen F. Frowen and Dietmar Kath 1992

Authors and Affiliations

  • Tatsuya Tamura

There are no affiliations available

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