Takagi, Shinji - In: Financial history review : FHR 32 (2025) 1, pp. 26-42
The article investigates whether the Bank of Japan followed the so-called rules of the game under the classical gold … contrast, the discount rate hardly responded to the Bank of England's Bank Rate, suggesting Japan's limited financial … integration with Europe. The article argues that the Bank of Japan used the trade balance and the yen-sterling rate as the signals …