Abenomics Mark I Arrow One 'monetary easing' Arrow Two 'fiscal stimulus' and Arrow Three 'structural reform'



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

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