Established in 2011 by ASEAN+3 Finance Ministers, the ASEAN+3 Macroeconomic Research Office (AMRO) is an international organization that aims to contribute to the macroeconomic and financial resilience and stability in the ASEAN+3 region.
Inflation has made a comeback in Japan, with the CPI surging as high as 4.3% this year, a level unseen for three decades. What should the BOJ do to strike a balance between stimulating economic growth and ensuring price stability?
During 2022, the Korean won (KRW) exchange rate was highly volatile as the U.S. economy emerged from the pandemic and the U.S. dollar (USD) strengthened following the hawkish policy stance of the U.S. Federal Reserve.
Over the last 20 years, the Bank of Japan (BOJ) has come up with a series of unconventional monetary policy measures to fight against the country’s prolonged deflation. These include the Zero Interest Rate Policy in 1999, the Quantitative Easing (QE) policy in 2001 to increase money supply to financial markets, the Quantitative and Qualitative Monetary Easing (QQE) policy in 2013 that doubled the monetary base, and the Negative Interest Rate Policy (NIRP) in 2016.