Ito, Takatoshi - National Bureau of Economic Research (NBER) - 2004
The paper aims at explaining why the Bank of Japan has not adopted inflation targeting, despite calls for such a policy …. Disclosed minutes of the Monetary Policy Meetings of the Bank of Japan, after March 1998, as well as Speeches by its members … specific number for an appropriate inflation rate. A Bank of Japan study, completed in October 2000, did not give any clear …