Research Article

Quantitative Easing in Japan: A Longitudinal Analysis of Monetary Policy Effects and Challenges

Volume: 39 Number: 4 December 12, 2024
TR EN

Quantitative Easing in Japan: A Longitudinal Analysis of Monetary Policy Effects and Challenges

Abstract

This study presents a comprehensive analysis of the effects and challenges of quantitative easing as a monetary policy tool in Japan. Over a period of more than two decades, Japan has implemented quantitative easing to stimulate its economy, resulting in a unique economic landscape characterized by both short-term benefits and long-term uncertainties. By examining historical developments, recent economic trends, and potential risks, this research sheds light on the complex interplay between monetary policy and economic outcomes in Japan. This academic study will provide a comprehensive analysis of the effects and challenges of quantitative easing in Japan, focusing on both short-term benefits and long-term consequences. It will also examine recent economic trends and potential risks to the Japanese economy, offering insights and recommendations for policymakers while acknowledging the uncertainties surrounding the long-term effects of this monetary policy.

Keywords

Supporting Institution

None

Ethical Statement

Study Title: Quantitative Easing in Japan: A Longitudinal Analysis of Monetary Policy Effects and Challenges Researcher(s): Prof. Habib Badawi, Dr. Mohamad Hani and Karim Wattar. The study titled "Quantitative Easing in Japan: A Longitudinal Analysis of Monetary Policy Effects and Challenges" adhered rigorously to ethical principles. We ensured: Informed consent of all participants. Strict confidentiality and privacy measures. Compliance with relevant regulations. Data integrity and accuracy. Proper acknowledgment of all sources. Transparent reporting without bias.

Thanks

I extend my heartfelt gratitude to the Izmir Journal of Economics and the esteemed academic community at Dokuz Eylul University for providing an exceptional platform for scholarly discourse and publication. The opportunity to contribute our study, "Quantitative Easing in Japan: A Longitudinal Analysis of Monetary Policy Effects and Challenges," to this esteemed journal has been invaluable. Your commitment to fostering academic excellence and facilitating the dissemination of scholarly work is commendable. We are immensely grateful for the honor of being part of this esteemed journal and the Turkish academic circle. The professionalism and dedication exhibited by your team in maintaining academic standards are truly commendable. We sincerely appreciate this collaboration and the opportunity to contribute to the academic conversation. It is our hope that this marks the beginning of a longstanding partnership. We look forward to continued cooperation and the prospect of sharing more insights and research in the future. Thank you once again for the privilege of being a part of your esteemed journal. We eagerly anticipate further collaboration and shared contributions to the academic landscape.

References

  1. Deloitte Insights. (2023). Japan economic outlook. Deloitte . https://www2.deloitte.com/us/en/insights/economy/asia-pacific/japan-economic-outlook.html
  2. Abadie, A. G. (2017). The economic costs of conflict: A case-control study for the Basque Country. Journal of the European Economic Association, 15(3), 649-679. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4799647/
  3. Abe, N. (2010, February 12). Japan's shrinking economy. Brookings: https://www.brookings.edu/articles/japans-shrinking-economy/#:~:text=In%20the%201990s%2C%20the%20Japanese,to%20pull%20up%20the%20economy..
  4. Al Jazeera. (2023). Japan's economy rebounds less than expected amid COVID recovery. Al Jazeera: https://www.aljazeera.com/economy/2023/2/14/japans-economy-rebounds-less-than-expected-amid-covid-recovery
  5. Andolfatto, D., and Li, L. (2014). Quantitative easing in Japan: Past and present,. St. Louis: Federal Reserve of St. Louis. https://files.stlouisfed.org/files/htdocs/publications/es/14/ES_1_2014-01-10.pdf
  6. AP News. . (2023). Japan's economy rebounds less than expected amid COVID recovery. AP News. https://apnews.com/article/japan-economy-rebound-covid-485274f6ff1f842bd05f9ec161ef0f43
  7. Asian Development Bank. (2014). The Impact of quantitative easing and tax policy on income inequality in Japan. Asian Development Bank. https://www.adb.org/publications/impact-quantitative-easing-and-tax-policy-income-inequality-japan
  8. Bank of Japan. (2023). Outlook for economic activity and prices . Bank of Japan. https://www.boj.or.jp/en/mopo/outlook/gor2307a.pdf

Details

Primary Language

English

Subjects

Monetary Policy

Journal Section

Research Article

Early Pub Date

November 11, 2024

Publication Date

December 12, 2024

Submission Date

December 30, 2023

Acceptance Date

May 21, 2024

Published in Issue

Year 2024 Volume: 39 Number: 4

APA
Badawi, H., Hani, M., & Wattar, K. (2024). Quantitative Easing in Japan: A Longitudinal Analysis of Monetary Policy Effects and Challenges. İzmir İktisat Dergisi, 39(4), 996-1010. https://doi.org/10.24988/ije.1412140
AMA
1.Badawi H, Hani M, Wattar K. Quantitative Easing in Japan: A Longitudinal Analysis of Monetary Policy Effects and Challenges. İzmir İktisat Dergisi. 2024;39(4):996-1010. doi:10.24988/ije.1412140
Chicago
Badawi, Habib, Mohamed Hani, and Karim Wattar. 2024. “Quantitative Easing in Japan: A Longitudinal Analysis of Monetary Policy Effects and Challenges”. İzmir İktisat Dergisi 39 (4): 996-1010. https://doi.org/10.24988/ije.1412140.
EndNote
Badawi H, Hani M, Wattar K (December 1, 2024) Quantitative Easing in Japan: A Longitudinal Analysis of Monetary Policy Effects and Challenges. İzmir İktisat Dergisi 39 4 996–1010.
IEEE
[1]H. Badawi, M. Hani, and K. Wattar, “Quantitative Easing in Japan: A Longitudinal Analysis of Monetary Policy Effects and Challenges”, İzmir İktisat Dergisi, vol. 39, no. 4, pp. 996–1010, Dec. 2024, doi: 10.24988/ije.1412140.
ISNAD
Badawi, Habib - Hani, Mohamed - Wattar, Karim. “Quantitative Easing in Japan: A Longitudinal Analysis of Monetary Policy Effects and Challenges”. İzmir İktisat Dergisi 39/4 (December 1, 2024): 996-1010. https://doi.org/10.24988/ije.1412140.
JAMA
1.Badawi H, Hani M, Wattar K. Quantitative Easing in Japan: A Longitudinal Analysis of Monetary Policy Effects and Challenges. İzmir İktisat Dergisi. 2024;39:996–1010.
MLA
Badawi, Habib, et al. “Quantitative Easing in Japan: A Longitudinal Analysis of Monetary Policy Effects and Challenges”. İzmir İktisat Dergisi, vol. 39, no. 4, Dec. 2024, pp. 996-1010, doi:10.24988/ije.1412140.
Vancouver
1.Habib Badawi, Mohamed Hani, Karim Wattar. Quantitative Easing in Japan: A Longitudinal Analysis of Monetary Policy Effects and Challenges. İzmir İktisat Dergisi. 2024 Dec. 1;39(4):996-1010. doi:10.24988/ije.1412140
İzmir Journal of Economics
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