Governor of Bank of Japan, Toshihiko Fukui, faced a complex situation 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 raise them to more 'normal' amounts to exert successful monetary policy. Yet strategy and the appropriate timing was a contentious issue, especially as a rate hike that could possibly hinder economic growth and increase its already big financial debt burden was not wanted by the government.
PUBLICATION DATE: January 08, 2008 PRODUCT #: 714S11-HCB-SPA
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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