Bank of Japan's Monetary Easing Policy and Abenomics
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Dr. Sayuri Shirai, professor at Keio University and former board member of the Bank of Japan, discusses Japan's financial policies and 'Abenomics.' In January 2016, the Bank of Japan (BOJ) followed the European Central Bank by adopting a negative interest rate policy. In an effort to stimulate the economy, a new framework called QQE with yield curve control was adopted in September 2016. The BOJ now attempts to control a negative interest rate and a 10-year yield on Japanese Government Bonds.