TOKYO -- The Bank of Japan's long-term quantitative and qualitative easing measures since 2013 had the side effect of loosening fiscal discipline, 64% of respondents said in a new Nikkei poll of economists.
The BOJ published in late 2024 a multifaceted review of its monetary policy over the past 25 years. On the relationship between large-scale monetary easing and fiscal policy, the document cited views that the easing led to a loosening of fiscal discipline, but it avoided further detailed evaluation.
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