BoJ reintroduces window guidance to slow the economy

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• Princes of the Yen whole source · open book

  Having previously abolished window guidance, in 1964, the Bank of Japan, under Deputy Governor Sasaki, suddenly reintroduced the credit controls, broadened their scope to further include trust, regional, and mutual banks, and used them to slow the economy.

  chapter: 6. The First Bid for Central Bank Independence

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• Richard Werner author of the source

Appears in 2 stories

• Princes of the Yen: Japan built, bubbled, and broken step 108
• The Bank of Japan's window-guidance machine step 23

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