Anand, Rahul; Hong, Gee Hee; Hul, Yaroslav - 2019
The Bank of Japan has introduced various unconventional monetary policy tools since the launch of Abenomics in 2013, to … inflation target over the medium term is below 40 percent, assuming the absence of other policy reactions aside from monetary … policy. The likelihood of achieving the inflation target is even lower under alternative risk scenarios. A positive shock to …