Japan's Ultraloose Monetary Policy Has Undermined Savings and Prosperity

Japan’s Ultraloose Monetary Policy Has Undermined Savings and Prosperity

Tags: Monetary Policy, World History

11/14/2020 Gunther Schnabl Taiki Murai

The Japanese experience offers valuable lessons for the US and Europe. A loose monetary policy can stabilize a recession for the short term, but a persistent flood of cheap money paralyzes productivity gains and growth.

Original Article: “Japan’s Ultraloose Monetary Policy Has Undermined Savings and Prosperity“.

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