Bank of Japan introduces monetary targeting

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• Princes of the Yen whole source · open book

  In 1978, the Bank of Japan officially introduced monetary targeting, a procedure by which the central bank selects a certain measure of the so-called money supply, such as M2+CD, and at the same time announces a specific target for its growth rate that was to be attained in the next time period, such as the coming six months.

  chapter: 6. The First Bid for Central Bank Independence

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• Richard Werner author of the source

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• Paper money, central banks, and credit creation step 27
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• The Bank of Japan's window-guidance machine step 33

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