Economy Turning Point in Fiscal and Monetary Policy : Japan Economic Revitalization Plan / Yasuyuki Iida Chuko Shinsho

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ECONOMY
The world economic policy is about to undergo a major shift. Until now, it has been common sense that fiscal policy should be restrained and monetary policy should be conducted independently. Recently, however, the effectiveness of this policy has come into question. How should Japan overcome its current predicament, which has been threatened with fiscal collapse by massive government debt and long-term low interest rates? This book summarizes the understanding of fiscal and monetary policy, examines the contemporary significance and functions of both policies, and recommends new economic policies that are necessary as the first step toward Japan's revival.