BoJ declares tighter quantitative control

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• Princes of the Yen whole source · open book

  In December 1978, the Bank of Japan declared that tighter quantitative monetary control was necessary, because stock prices “continue to rise rapidly, city center land prices have risen sharply and there is too much money [kane amari] circulating in the private sector.”

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• Richard Werner author of the source

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• Princes of the Yen: Japan built, bubbled, and broken step 138
• The Bank of Japan's window-guidance machine step 34

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