Quantitative and Qualitative monetary easing an Overview

Introduction of “Quantitative and Qualitative Monetary Easing with a Negative Interest Rate”

Speech at the Kisaragi-kai Meeting in Tokyo
Haruhiko Kuroda
Governor of the Bank of Japan
Document provided by Fiscal Post (article link)

Excerpt: “The unemployment rate has been declining and is in the range of 3.0-3.5 percent for the first time in 18 years, since 1997. It can be judged that the labor market is in a situation of “full employment,” where remaining unemployment is due solely to mismatches between job openings and job applicants. Reflecting the tightening of labor market conditions, employee income has been increasing moderately.”

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