CORPORATE PROGRAM: Monetary Policy & Japan's Economic Recovery

The yen and Japanese stocks reacted sharply after the Bank of Japan (BOJ) announced another monetary easing and set a new inflation target in February 2012. But many wonder if Japan can pull itself out of the twin malaises of deflation and a strong yen, especially when faced with uncertainty over its energy policy, a shrinking population and a growing fiscal deficit. Yale Professor Koichi Hamada shares his views on the BOJ and steps it should take with monetary policy to help Japan’s economy find a firmer footing, including instituting an inflation goal of 2 percent.

Speaker:

Koichi Hamada, Tuntex Professor of Economics, Yale University