Core Viewpoint - The article discusses the role and impact of the Bank of Japan (BOJ) in the context of Japan's prolonged economic stagnation, highlighting the challenges and criticisms faced by the central bank in its monetary policy approach [3]. Group 1: Overview of the Bank of Japan - The BOJ has been characterized as a "shamanic central bank" due to its reliance on aggressive monetary policies to combat deflation and stimulate the economy, particularly after the Lehman crisis [3]. - The article emphasizes that there is no "magic wand" solution to Japan's economic stagnation, indicating that over-reliance on macroeconomic policies has created an illusion of effectiveness [3]. Group 2: Historical Context and Leadership - The article notes the appointment of the first economist as the BOJ governor, marking a significant shift in leadership and policy direction [4]. - It discusses the departure from long-serving governors, suggesting a potential change in the central bank's approach to economic management [4].
【日经BP书籍】日本央行的光与影:央行与失去的三十年
日经中文网·2025-03-28 02:57