Shin-ichi Fukuda

About Shin-ichi Fukuda

Shin-ichi Fukuda is professor of Economics at the University of Tokyo, Japan.
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Spillover effects of Japan’s unconventional monetary policy on emerging Asia

Like other central banks in advanced countries, the Bank of Japan (BOJ) adopted an unconventional monetary policy after the 2007–2009 global financial crisis (GFC). After Prime Minister Abe advocated the new policy regime, Abenomics, the BOJ became highly aggressive in its unconventional policy (see, for example, Fukuda [2015] for details). On 4 April 2013, BOJ Governor Kuroda introduced quantitative and qualitative monetary easing (QQE) and committed to achieve a 2% inflation target in 2 years.