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HOME Knowledge Insight Publications Capital Markets & IT - lakyara Capital Markets & IT -lakyara List Capital Markets & IT - lakyara October 2020 Looking back on the first pillar of Abenomics

Looking back on the first pillar of Abenomics

Oct. 14, 2020

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The first of the three cornerstones of Abenomics, “aggressive monetary accommodation” focused on achieving the inflation target. As a result, it succeeded in identifying the structural aspects of Japan’s low inflation and thus helped to assure the independence of monetary policy. The Bank of Japan’s large-scale JGB purchases and control of medium- and long-term interest rates were in a sense made possible by the nation’s structurally low inflation.

About the Author

  • Takahide Kiuchi

    Tetsuya Inoue

    Chief Researcher

    Financial Market & Innovation Research Department

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