Bank of Japan freezes loan balances

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• Princes of the Yen whole source · open book

  The Bank of Japan’s control had already been asserted a year earlier, when the director of the Banking Department had issued instructions that “in principle” banks were not allowed to increase their outstanding loan balance beyond the balance of 20 March 1946 without a permit from the Bank of Japan, as well as the government.

  chapter: 6. The First Bid for Central Bank Independence

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• Richard Werner author of the source

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• Occupation Japan keeps the controls step 7
• Princes of the Yen: Japan built, bubbled, and broken step 58
• The Bank of Japan's window-guidance machine step 12

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