The Bank of Japan Turns Hesitant Once Again

After a strong effort to boost chronically low growth and inflation through aggressive monetary easing, Tamim Bayoumi and Joseph E. Gagnon say the Bank of Japan has made the mistake of backtracking just as the policies were starting to gain traction.
Featuring Tamim Bayoumi (PIIE) and Joseph E. Gagnon (PIIE)
May 6, 2016

After a strong effort to boost chronically low growth and inflation through aggressive monetary easing, Tamim Bayoumi and Joseph E. Gagnon say the Bank of Japan has made the mistake of backtracking just as the policies were starting to gain traction.