Did quantitative easing by the Bank of Japan "work"?
The success, or lack thereof, of the Bank of Japan's quantitative easing program is of interest not only as an important experience in Japanese economic history, but more generally as an unprecedented experiment in monetary policy under very low nominal interest rates. In this Economic Letter, I review the evidence that has emerged to date concerning the impact of the quantitative easing policy.
Difficult times for Japanese agencies and branches
Banking relationships during financial distress: the evidence from Japan
This article examines some implications of the failure of three large Japanese banks in 1997 and 1998. The authors examine the response in the equity returns of surviving Japanese banks to the three failure announcements. In addition, they provide evidence on the clients of failed and surviving banks.
Deregulation and competition in Japanese banking
Financial crises and bank supervision: new directions for Japan?
Prudential policy in Japan
Capital positions of Japanese banks
Japanese banks and rising bond yields
Japanese city banks: unwarranted housing loan expectations