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The document discusses unconventional monetary policy and its impact on financial stability in Japan, particularly during the banking crisis of the late 1990s and the global financial crisis of 2007-08. It highlights the emergence of the Japan Premium, the response of the Bank of Japan, and the subsequent changes in the banking sector, as well as the effects of the financial crisis on liquidity and credit risk in the money markets. The analysis also touches on the Dollar Premium era and the role of internat

Author

kaleigh7712lilly

Language

EN