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Analysis and Commentary

Policy Uncertainty In Japan

by Elif C. Arbatli, Steven J. Davis, Arata Ito, Naoko Miake, Ikuo Saitovia Cato Institute
Wednesday, November 15, 2017

Efforts to reinvigorate Japan’s economy have proved challenging. Despite significant policy accommodation, growth over the past two decades has been weak and the share of nonregular employment has increased. Wages have been stagnant, and inflation expectations lie below the Bank of Japan’s inflation target.