Bank of Japan announces reserve targeting ('quantitative easing')

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• Princes of the Yen whole source · open book

  On 19 March 2001, the Bank of Japan announced that it was switching from a policy of targeting the overnight call rate (they had already reached levels below 0.01 percent) and instead target the quantity of banks’ reserve deposits with the central bank (Bank of Japan [2001]).

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• Richard Werner author of the source

Appears in 3 stories

• Paper money, central banks, and credit creation step 62
• Princes of the Yen: Japan built, bubbled, and broken step 299
• Quantitative easing begins in Japan step 17

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