Deposit interest rate deregulation begins

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• Princes of the Yen whole source · open book

  Liberalization of capital flows in December 1980, gradual deregulation of deposit interest rates from October 1985, increased creation of debt markets, and the introduction of more short-term money market and general open market operations by the central bank all meant that other monetary policy tools could be used by the central bank to achieve its goals, while there was the possibility that window guidance itself would become less effective in such an environment.

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• Richard Werner author of the source

Appears in 2 stories

• Princes of the Yen: Japan built, bubbled, and broken step 157
• The Plaza Accord and the endaka turn step 5

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