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How the Yen Drives Japan's Monetary Policy
by Yusuke Hashimoto, Brad Gibson of AllianceBernstein, 6/9/23

If price stability is the legal mandate of the Bank of Japan (BOJ), and the central bank’s official target for price stability is 2%, as measured by the Consumer Price Index (CPI),* then why are fluctuations in prices the norm for Japan?

What’s Next for the Bank of Japan?
by Yusuke Hashimoto, Brad Gibson of AllianceBernstein, 8/29/22

Across the developed markets, central banks have embarked on a tightening path—with one exception: the Bank of Japan (BOJ).
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