Political Economy of Japanese Monetary Policy

The Political Economy of Japanese Monetary Policy -- Contents -- Acknowledgments -- The Political Economy of Japanese Monetary Policy -- Introduction -- The Evolution of Central Banking in Japan, up to the 1950s -- Phases of Japan s Monetary- Policy Experience -- Exchange Rates, Policy Coordination, and a Yen Currency Area -- The Bubble Economy and Its Collapse -- Asset-Price Deflation: Nonperforming Loans, -- Companies, and -- Regulatory Inertia -- Elections, Monetary Policy, and Political Business Cycles -- Inflation, Time Inconsistency, and Central- Bank Independence -- Concluding Comments -- Notes -- References -- Index.