{"product_id":"taming-japans-deflation-9781501728174","title":"Taming Japans Deflation","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eBolder economic policy could have addressed the persistent bouts of deflation in post-bubble Japan, write Gene Park, Saori N. Katada, Giacomo Chiozza, and Yoshiko Kojo in \u003ci\u003eTaming Japan''s Deflation\u003c\/i\u003e. Despite warnings from economists, intense political pressure, and well-articulated unconventional policy options to address this problem, Japan''s central bank, the Bank of Japan (BOJ), resisted taking the bold actions that the authors believe would have significantly helped.\u003c\/p\u003e\u003cp\u003eWith Prime Minister Abe Shinzo''s return to power, Japan finally shifted course at the start of 2013 with the launch of Abenomicsan economic agenda to reflate the economyand Abe''s appointment of new leadership at the BOJ. As \u003ci\u003eTaming Japan''s Deflation\u003c\/i\u003e shows, the BOJ''s resistance to experimenting with bolder policy stemmed from entrenched policy ideas that were hostile to activist monetary policy. The authors explain how these policy ideas evolved over the course of the BOJ''s long history and gai\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eThis is an outstanding book on a topic of great importance... this book provides the most detailed and insightful account written in the English language of the ideational and political institutional contexts that inform the Bank of Japan's (BOJ) decisions about monetary policy in the contemporary era.\u003c\/p\u003e * Perspectives on Politics *\u003cbr\u003e\u003cp\u003eAn informed and in-depth look at the institutional, intellectual, and political environment that allowed deflation to take root... \u003ci\u003eTaming Japan's Deflation\u003c\/i\u003e is indispensable for anyone who wants to understand why Japan lingered in deflation for so long and how it switched to different policies that may be leading to better outcomes.\u003c\/p\u003e * Pacific Affairs *","brand":"Cornell University Press","offers":[{"title":"Default Title","offer_id":49409333035351,"sku":"9781501728174","price":38.7,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781501728174.jpg?v=1730506454","url":"https:\/\/bookcurl.com\/products\/taming-japans-deflation-9781501728174","provider":"Book Curl","version":"1.0","type":"link"}