Window guidance operated continuously through the 1980s

Citations (1)

• Princes of the Yen whole source · open book

  The central bank and bank officers confirmed to us that window guidance was conducted without interruption during the 1980s, until at least June 1991. It took exactly the same form as the window guidance in the pre-1980 period: The Bank of Japan decided on an aggregate bank loan growth rate for the entire country, and then young BoJ staff calculated on their Excel spreadsheets how this could be divided up among all the bank types (city banks, trust banks, regional banks, etc.) and by individual bank (Fuji Bank, Sanwa Bank, etc.).

  chapter: 12. At the Trigger of the Gun

  edit

  remove

People

• Richard Werner author of the source

Appears in 2 stories

• Princes of the Yen: Japan built, bubbled, and broken step 145
• The Bank of Japan's window-guidance machine step 35

Linked events (0)

Details