Authorities of the Bank of Japan, Toshihiko Fukui, faced a complicated scenario in the fall of 2007. An economic recovery had allowed the central bank to abandon its zero interest rate policy, which had been in place for years, and increase rates to 0.5%.
The Bank of Japan was ready to increase them to more 'normal' amounts to exert effective monetary policy. Yet the proper timing and strategy was a contentious issue, especially as the authorities did not want a rate hike that could potentially hinder economic growth and raise its already substantial financial debt burden.
PUBLICATION DATE: March 27, 2009 PRODUCT #: 709056-PDF-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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