Designated in office in the month of December 2012, Prime Minister Shinzo Abe was driven to restore Japan's stagnating market through an ambitious plan known as 'Abenomics.' As its innovative monetary policy, the Bank of Japan held close quantitative easing under the guidance of the newly selected governor of the central bank, Haruhiko Kuroda, vowing to double the nation's monetary base in a couple of years via purchasing long-term government bonds.
Meanwhile Kuroda maintained that Japan needed to “utilize every possible means available” to fight off deflation, critics contemplated whether inflation will boost the country's public-sector debt to unsustainable levels or outpace growth in wages. Additionally, skeptics debated whether Prime Minister Abe was wise to make the Bank of Japan the crucial player in moving the country toward economic growth. Others questioned whether, unlike in the past, the Bank of Japan would take the necessary measures to carry through with the policy.
PUBLICATION DATE: May 08, 2013 PRODUCT #: 714S12-HCB-SPA
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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