Central Bank Policies after the Global Financial Crisis

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July 13, 2017 @ 6:30 pm – 8:00 pm
Embassy of Japan in the UK
101-104 Piccadilly
Mayfair, London W1J 7JT
the Daiwa Anglo-Japanese Foundation
020 7486 4348
Central Bank Policies after the Global Financial Crisis @ Embassy of Japan in the UK | England | United Kingdom

Economic growth in recent years has been stubbornly low in developed economies, with the result that increasingly unconventional monetary policy measures have been adopted to provide stimulus. Japan was the first major economy to face these problems, and Professor Kiyohiko Nishimura has had a ring-side seat, having been a member of the Bank of Japan’s Policy Board from 2005-8, and Deputy Governor from 2008-13.
Professor Nishimura will examine the current state of the global economy, focussing on three “seismic” structural changes that have been dampening growth. He will then focus on monetary policy, arguing that “conventional unconventional” monetary policies are entering a phase of declining marginal effectiveness. He will also discuss the Bank of Japan’s negative interest rate policy and “yield-curve control” policy framework from the viewpoint of information and communication. We are fortunate also to have an expert discussant in the form of Professor Jagjit Chadha, Director of the National Institute of Economic and Social Research, who himself has been an advisor to both the Bank of England, where he used to work, and to HM Treasury.
Please arrive before 6:30pm to clear security. Registration prior to the event is essential and you will be asked to present photographic identification and a printed copy of confirmation email upon entry to the Embassy of Japan.

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