Question: Topic 1. In explaining why monetary policy did not pull Japan out of a recession in the early 2000s, an official at the Bank of

Topic 1. In explaining why monetary policy did not pull Japan out of a recession in the early 2000s, an official at the Bank of Japan said " despite major increases in the money supply, the money stayed in banks." Read these articles: Critics Say Koizumi's economic medicine is a weak tea_2002.docx The Fed Can't save us from Coronavirus.docx Briefly explain what the official meant by saying that the money stayed in banks. Why that would be a problem for a successful expansionary monetary policy

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