Bailouts by the Bank of Japan in Response to the Panic of 1927: Lenders or Borrowers in the Call Market

Central Banking, Japanese Style: Economics and the Bank of Japan, 1945-1985

HISTORY OF ECONOMIC THOUGHT AND POLICY ◽

10.3280/spe2013-001008 ◽

2013 ◽

pp. 141-160

Author(s):

Masazumi Wakatabe

Keyword(s):

Central Banking ◽

Bank Of Japan

How Transparent is the Intervention Exchange Rate Policy of the Bank of Japan?

SSRN Electronic Journal ◽

10.2139/ssrn.839188 ◽

2005 ◽

Cited By ~ 6

Author(s):

Jean-Yves Gnabo ◽

Christelle Lecourt

Keyword(s):

Exchange Rate ◽

Exchange Rate Policy ◽

Bank Of Japan ◽

Rate Policy

THE CREATION OF THE BANK OF JAPAN-ITS WESTERN ORIGIN AND ADAPTATION

The Developing Economies ◽

10.1111/j.1746-1049.1977.tb00388.x ◽

1977 ◽

Vol 15 (4) ◽

pp. 399-401 ◽

Cited By ~ 1

Author(s):

Toshihiko YOSHINO

Keyword(s):

Bank Of Japan ◽

The Creation

The Bank of Japan: A Case Study in the Effectiveness of Central Bank Techniques of Monetary Control

The Journal of Finance ◽

10.2307/2325642 ◽

1960 ◽

Vol 15 (4) ◽

pp. 573 ◽

Cited By ~ 2

Author(s):

Hugh T. Patrick

Keyword(s):

Central Bank ◽

Bank Of Japan ◽

Monetary Control

Bank Of Japan Financial Network System

Encyclopedia of Finance ◽

10.1007/0-387-26336-5_161 ◽

2008 ◽

pp. 28-28

Keyword(s):

Network System ◽

Financial Network ◽

Bank Of Japan

Call Market Mechanism on the Paris Stock Exchange

The Electronic Call Auction: Market Mechanism and Trading - The New York University Salomon Center Series on Financial Markets and Institutions ◽

10.1007/978-1-4615-1697-2_8 ◽

2001 ◽

pp. 125-132

Author(s):

Solenn Thomas ◽

Marianne Demarchi

Keyword(s):

Stock Exchange ◽

Market Mechanism ◽

Call Market

Considering Execution Performance in Electronic Call Market Design

The Electronic Call Auction: Market Mechanism and Trading - The New York University Salomon Center Series on Financial Markets and Institutions ◽

10.1007/978-1-4615-1697-2_7 ◽

2001 ◽

pp. 113-123 ◽

Cited By ~ 3

Author(s):

D. Timothy Mccormick

Keyword(s):

Market Design ◽

Call Market

Electronic Call Market Trading

The Electronic Call Auction: Market Mechanism and Trading - The New York University Salomon Center Series on Financial Markets and Institutions ◽

10.1007/978-1-4615-1697-2_5 ◽

2001 ◽

pp. 87-99 ◽

Cited By ~ 1

Author(s):

Nicholas Economides ◽

Robert A. Schwartz

Keyword(s):

Call Market

Avoiding a Great Depression but Getting a Great Recession. The Bank of Japan and Japanese Macroeconomic Policy, 1991–2004

International Journal of Political Economy ◽

10.2753/ijp0891-1916350105 ◽

2006 ◽

Vol 35 (1) ◽

pp. 84-107

Author(s):

Brian K. Maclean

Keyword(s):

Great Depression ◽

Great Recession ◽

Macroeconomic Policy ◽

Bank Of Japan

Sustainability of the Bank of Japan’s ETF Purchasing Policy

The Economists Voice ◽

10.1515/ev-2021-0013 ◽

2021 ◽

Vol 0 (0) ◽

Author(s):

Kimie Harada

Keyword(s):

Monetary Policy ◽

Stock Market ◽

Central Bank ◽

Listed Companies ◽

Unconventional Monetary Policy ◽

Exit Strategy ◽

Market Mechanisms ◽

Bank Of Japan ◽

Policy Measures ◽

Purchasing Policy

Abstract The Bank of Japan is the only central bank that holds enormous amounts of stocks of listed companies by purchasing ETFs via its unconventional monetary policy measures. The Bank of Japan has been buying ETFs for more than a decade and, seemingly, has no awareness that it has become a huge investor in the stock market. This article explains how this policy has potentially distorted market mechanisms and how it is difficult to find an exit strategy.