Holding the Bank of Japan Accountable

by Takeo Hoshi and Anil Kashyap
Wall Street Journal; March 9th, 2011

The Wall Street Journal asked eight prominent economists who follow Japan to critique the Bank of Japan’s monetary policy record, after BOJ Governor Masaaki Shirakawa gave an interview defending the central bank’s performance. Among the eight were the IGM’s Anil Kashyap and his frequent coauthor, Takeo Hoshi of UC San Diego, who say that Mr Shirakawa is attempting to “re-write the recent economic history of Japan.”

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