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Japan 1st aborad the "QE2"
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Re: Japan 1st aborad the "QE2"
Table 1: A Chronology of BOJ Actions, 1996–2009
Announcement (Implementation)
Cosmo Credit, Hyogo Bank and Kizu Credit August 1995
Emergency loan to Tokyo Kyodo Bank April 1996
Lending to DIC September 1996
Emergency loan to Hanwa Bank November 1996
Introduction of repo operations October 1997
Emergency loan to Kyoto Kyoei Bank October 1997
Failures of Yamaichi & Hokkaido
Takushoku, emergency loans November 1997
Emergency loan to Tokuyo City Bank November 1997
Emergency loan to Fuji/Yamaichi November 1997
Lending to DIC February 1998
CP operations for repos November 1998
Temporary Lending Facility to Support
Firms’ Financing Activities November 1998
Zero interest rate target August 1999
Expansion of eligible collateral September 1999
Lombard facility March 2001
Quantitative easing March 2001
Stock purchases October 2002 (December 2002)
ABS purchases June 2003 (August 2003)
Reaffirmation of LOLR function March 2005
End of quantitative easing policy March 2006
Introduction of pooled collateral April 2006
Suspension of stock purchase program October 2008
Resumption of stock purchase program February 2009
http://www.mof.go.jp/english/pp_revi...09/ppr009c.pdf
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