Naoko Miake

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Analysis and Commentary

Policy Uncertainty In Japan

by Elif C. Arbatli, Steven J. Davis, Arata Ito, Naoko Miakevia Becker Friedman Institute for Economics at the University of Chicago
Tuesday, October 15, 2019

In the aftermath of the Financial Crisis (2007-08) and the Great Recession (2007-09), households and firms faced lots of uncertainty, not only about when and how the economy would recover, but also confusion on whether and how the administration, Congress, and the Federal Reserve would react. For families considering the purchase of a new car or a move to another city for a job, and for businesses considering new hires or a plant expansion, this policy uncertainty meant that the prudent choice was often wait-and-see.

Policy Uncertainty in Japan

by Elif C. Arbatli, Steven J. Davis, Arata Ito, Naoko Miakevia Economics Working Papers
Monday, August 5, 2019

Economics Working Paper 19109

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.