Bank of Japan withdraws credit in 1999

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• Princes of the Yen whole source · open book

  The Bank of Japan reduced its credit creation sharply in 1999, actively withdrawing credit from the economy for most of the year. The yen moved back close to ¥100/$, and a year later the recovery of 1999 stalled.

  chapter: 16. Reflation: Another Miracle in the Making

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• Richard Werner author of the source

Appears in 4 stories

• Paper money, central banks, and credit creation step 58
• Princes of the Yen: Japan built, bubbled, and broken step 285
• Quantitative easing begins in Japan step 11
• The lost decade: credit crunch, stimulus, and broken banks step 25

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