CHRONOLOGY

2006

BoJ squeezes the monetary base to close off the Koizumi Mini Bubble but with deflationary consequences

 

GLOSSARY

Koizumi Mini Bubble

BoJ monetary easing led to a buoyant economy

the BoJ money supply squeeze from March 2006 led to deflationary pressures

Credit Bubble

rapidly rising asset prices 1986 - 1990

caused by a BoJ monetary easing to counter the 1985 Plaza Accord impacts

QE ryoteki kanwa

Quantitative Easing by BoJ as the central bank

conventional monetary policy pursued limited to JGB acquisition vs QQE

QQE ryoteki shitsuteki kanwa

Quantitative and Qualitative Easing by BoJ

unconventional monetary policy pursued beyond JGBs vs QE cf NIRP, ZIRP

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