學門類別
最新個案
- Leadership Imperatives in an AI World
- Vodafone Idea Merger - Unpacking IS Integration Strategies
- V21 Landmarks Pvt. Ltd: Scaling Newer Heights in Real Estate Entrepreneurship
- Snapchat’s Dilemma: Growth or Financial Sustainability
- Did I Just Cross the Line and Harass a Colleague?
- Predicting the Future Impacts of AI: McLuhan’s Tetrad Framework
- Porsche Drive (A) and (B): Student Spreadsheet
- Porsche Drive (B): Vehicle Subscription Strategy
- TNT Assignment: Financial Ratio Code Cracker
- Winsol: An Opportunity For Solar Expansion
Japan’s Monetary Policy: Accommodating Inflation Unconventionally
內容大綱
In January 2018, the governor of the Bank of Japan (BoJ), was preparing for a meeting of the policy board of the BoJ. While the broad macroeconomic indicators hinted at a Japanese recovery, Japan still continued to have an inflation rate well below its target of 2 per cent. The accommodative, unconventional monetary policy of quantitative and qualitative easing engineered by the governor in 2013 had resulted in a bloated balance sheet for the BoJ, with little success in overcoming deflation. Was it time to wind up Japan’s monetary stimulus? What would be the results of continued monetary stimulus, especially for businesses? Would the Japanese economy be able to recover from deflation without such monetary stimulus?
學習目標
The case can be used in graduate or post-graduate-level courses on general management, in modules on business environment or international economics, or in a module on business, government, or international economy. The case provides students with a basic understanding of types of unconventional policy measures; unconventional monetary policies and the context in which they are used; and the advantages and disadvantages of monetary easing under unconventional policy measures. After working through the case and assignment questions, students will be able to do the following:<ul><li>Understand the use of monetary policy by central banks and the problem of the zero lower bound.</li><li>Distinguish between conventional and unconventional monetary policies and the use of the latter in the context of deflation.</li><li>Examine various unconventional policy instruments and their transmission mechanism, with reference to Japan.</li><li>Appreciate the pros and cons of monetary easing from the viewpoint of business.</li></ul>