“However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.” ShouldInterestPolicyPerceptionRateBoundsSpiteZeroMonetaryInterest RateCentral BanksAvertMonetary PolicyDeflation Author:Toshihiko Fukui
“Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.” YearsLongPeriodsImportanceJapanStabilitySustainabilityCentral BanksAssessingPrice Stability Author:Toshihiko Fukui