Interview with Masaaki Shirakawa — Money, Banking and Financial Markets

Professor, Aoyama Gakuin University; former Governor, Bank of Japan; former Vice Chairman, Bank for International Settlements. Has the experience of the crisis changed your view of the central bank policy tool kit? Governor Shirakawa: My view has not changed that much. I guess that this assessment is different from the frequently-heard view of U.S. and European policy makers. This difference is be

[equilibrista]

“We have to wonder whether the current regime of monetary policy has a bias toward the creation of too much debt.”