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Towards more active monetary easing

Policies seeking to end deflation, the most pressing issue for the Japanese economy, have been put into effect. In this issue of the NIRA Policy Review, Takeo Hoshi points out that deflation is a monetary phenomenon, and as such is a problem which can be solved by monetary policy.

Policies seeking to end deflation, the most pressing issue for the Japanese economy, have been put into effect.  In this issue of the NIRA Policy Review, Takeo Hoshi points out that deflation is a monetary phenomenon, and as such is a problem which can be solved by monetary policy.