The Bank of Japan is Japans central bank. An article in the Economist in 2023 noted that
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The Bank of Japan is Japan’s central bank. An article in the Economist in 2023 noted that “the Bank of Japan (BOJ) has maintained a doveish policy stance despite headline inflation topping 4% this year.”
a. What is a “doveish” monetary policy?
b. Why would it be surprising that the Bank of Japan was following a doveish monetary policy at a time when the inflation rate in Japan was rising?
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a A dovish monetary policy refers to a policy stance taken by a central bank that involves measures ...View the full answer
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