Suzuki, Yoshio; Kuroda, Akio; Shirakawa, Hiromichi - In: Monetary and Economic Studies 6 (1988) 2, pp. 1-27
This paper is to explain Japan's monetary control techniques and to analyze how they determine short-term money market rates and the money stock. We analyze that interest rates in the short-term call and bill-discount markets, operating variables of the Bank of Japan, are determined mainly...