MACROECONOMICS

Global Economic Perspective Episode 2: BoJ and the Times It Shook the World Economy

BoJ's upcoming reversal of interest rate and monetary policy will put FED and ECB in a difficult position in regulating market liquidity

Facing a deflationary/disinflationary economy, since 2013, the Bank of Japan (BoJ) has started the loose monetary policy QE to pump liquidity into the market and stimulate growth. 

From 2016, the QE policy was supplemented by BoJ with the yield curve control policy (YCC):

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