ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Have central banks moved to break the monetary policy vicious cycle?

More important than inflation forecasting is the policy regime itself

| U.S.
Traders work on the floor of the New York Stock Exchange on Nov. 29: in the eyes of market participants, monetary policy asymmetry has been a notable feature of the past three decades.   © Getty Images

Masaaki Shirakawa is a former governor of the Bank of Japan.

Inflation is the hot issue in the global debate over monetary policy. Central banks in advanced economies initially took the recent inflation spike as "transitory" and emphasized their patience with continuing extremely accommodative policy settings.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more