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Towards a sustainable growth path
Authors:Masaru Hayami
Institution:Former Governor of the Bank of Japan, 2-1-1 Nihonbashi Hongokucho, Chuo-ku, Tokyo 103-8660, Japan
Abstract:For Japan’s economy, there were two tasks I embraced myself for: “how to return to a sustainable growth path” and “how to rebuild the financial system.” And for the Bank of Japan, there was also the important challenge of navigating our way on a new voyage in line with the principles of the new Bank of Japan Law, which came into effect at almost the same time as I became Governor.
Keywords:Monetary policy  Inflation targeting  Capital markets
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