Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about The Effectiveness Of The Bank Of Japan’s Large-scale Stock-buying Programme | Vox, Cepr Policy Portal
LPNEWS

The Effectiveness Of The Bank Of Japan’s Large-scale Stock-buying Programme | Vox, Cepr Policy Portal

by voxeu.org posted 11months ago 112 views
The Bank of Japan has bought massive quantities of Japanese stocks in a bid to increase aggregate demand and inflation, and to encourage Japanese savers to take on more risk. This column surveys the effectiveness of this quantitative easing programme and identifies several key issues, including stock prices not rising in proportion to profits, the overvaluation of some small-cap stocks, and adverse impacts on corporate governance. It argues that before taking any steps toward monetary policy normalisation, the Bank of Japan should introduce flexibility in interpreting the 2% price stability target.

In this article