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Quantitative and Qualitative Monetary Easing: …
Quantitative and Qualitative Monetary easing : theory and Practice Speech at the Foreign Correspondents' Club of Japan B a n k o f J a p a n M a r c h 20, 2 015 Haruhiko Kuroda Governor of the Bank of Japan 1 Introduction It is my great honor to have the opportunity to speak today at the Foreign Correspondents' Club of Japan. With the European Central Bank (ECB) having started its asset purchase program, most of the major central banks, including the Federal Reserve and the Bank of England (BOE), now have adopted Quantitative easing (QE). If I may borrow the words of Professor Takatoshi Ito, a friend and someone I greatly respect, "we are all QE-sians now." That being said, the economic and price situation against which QE has been introduced, as well as the policy transmission mechanism assumed, differ among countries and regions.
Quantitative and Qualitative Monetary Easing: Theory and Practice Speech at the Foreign Correspondents' Club of Japan Bank of Japan March 20, 2015
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