Fukui endorses continued monetary easing to implement structural reform

Citations (1)

• Princes of the Yen whole source · open book

  We saw above that the head of the department that implemented window guidance credit controls, Toshihiko Fukui, had said in July 1987, soon after the publication of the second Maekawa report, that suitable central bank policy to implement the structural transformation of Japan’s economy was to “continue with the monetary easing policy” and, explicitly, for “bank loans to expand.”

  chapter: 14. The Goal of Monetary Policy

  edit

  remove

People

• Richard Werner author of the source

Appears in 5 stories

• Japan's asset bubble: credit orders, land, stocks, and the Nikkei step 11
• Paper money, central banks, and credit creation step 33
• Princes of the Yen: Japan built, bubbled, and broken step 177
• The Bank of Japan's window-guidance machine step 45
• The Plaza Accord and the endaka turn step 15

Linked events (0)

Details