Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of Cleveland
Economic Commentary
Beyond zero: transparency in the Bank of Japan’s monetary policy
Edward J. Stevens

Japan’s economy has problems that, undoubtedly, are more complex than monetary policy might be expected to solve. But other kinds of policy actions stand a better chance of success when monetary policy is transparent. Transparency means that market participants’ anticipations of central bank actions are congruent with those of policymakers themselves. The Bank of Japan has made repeated efforts toward greater transparency since achieving independence in 1998.

Download Full text
Cite this item
Edward J. Stevens, "Beyond zero: transparency in the Bank of Japan’s monetary policy" , Federal Reserve Bank of Cleveland, Economic Commentary, issue Mar, 2001.
More from this series
JEL Classification:
Subject headings:
Keywords: Bank of Japan ; Monetary policy - Japan
For corrections, contact 4D Library ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal