Quantitative Easing in Japan
Tim Hall
30 years: Debt capital markets
Japan became one of the world's largest, strongest and fastest growing economies in the decades after World War II, but this took a turn in the second half of the 1980s. Tim discusses this period as a valuable case study of what central banks should not do to battle severe economic distress.
Japan became one of the world's largest, strongest and fastest growing economies in the decades after World War II, but this took a turn in the second half of the 1980s. Tim discusses this period as a valuable case study of what central banks should not do to battle severe economic distress.
Quantitative Easing in Japan
16 mins 42 secs
The mis-timed rate decisions of the BoJ dating back to the 1980s and the failure to authoritatively and quickly address eroding confidence in banks has been the prevailing reason for its slow and timid growth. The main takeaway is that policy tools should be coordinated and comprehensive to keep an economy from spiralling downwards.
Key learning objectives:
Identify the atmosphere and environment leading up to the first round of QE
Discuss the effectiveness of QE1, QE2, and QQE
Explain why Japanese QE has been ineffective
Tim Hall
10:44
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