Section A: Monetary policy
For instance, according to the article, the Bank of Japan (BoJ) is the monetary authority that is responsible for regulating the monetary provision in Japan. The article presents the economic inertia in the Japanese economy. Due to this economic inertia, the Japanese Prime Minister, Shinzo Abe, has come up with an economic plan that has three parts in order to rescue the country from the stagnant economic situation. This move to trigger a growth in the Japanese has also been initiated by the Bank of Japan. The Bank of Japan has adopted expanding its plan of “quantitative easing” in increasing ...
