4/19/16:(TUESDAY) NEC w/Ken Fujita, Bank of Japan: "The Bank of Japan's Negative Interest Rate Policy: Design, Goal and Market Reaction"

  • 19 Apr 2016
  • 12:00 PM - 1:30 PM
  • Chinatown Garden Restaurant 618 H St NW Washington DC

Registration

  • Members of SGE, NABE and certain other groups
  • This category of registration is for our larger institutional members only for registration. Regular members of NEC please use the MEMBER category to register.
  • Registrant is a current member of the NEC.
  • Current Students with ID at the door

Registration is closed


Ken Fujita

Associate Director General

Coordination and Market Analysis Division, Financial Markets Department

Bank of Japan


"The Bank of Japan's Negative Interest Rate Policy:  Design, Goal and Market Reaction"

At the end of January, the Bank of Japan decided to introduce “Quantitative and Qualitative Monetary Easing with a Negative Interest Rate” (QQEN). This presentation will discuss the design and goal of QQEN with a particular focus on its unique feature of a “multi-tier system”. This system is aimed at reducing interest rates across the yield curve while minimizing the direct impacts on financial institutions’ earnings. QQEN has already put strong downward pressure on the yield curve, which has led to a reduction of funding costs of non-financial sectors. Further effects would be expected as technical “glitches” in financial markets are resolved.


Kenji Fujita is an Associate Director-General of the Financial Markets Department, the Bank of Japan where he is head of Coordination and Market Analysis Division. In this capacity, he oversees research on global and domestic financial markets as well as market intelligence activities in the division.

Prior to assuming his current role, he served as head of the Economic Statistics Division of the Research and Statistics Department at the Bank. He also worked for the International Monetary Fund as a senior economist of the Money and Capital Market Department from 2009 to 2012.

Mr. Fujita holds B.A. in law from the University of Tokyo and M.B.A. from Duke University’s Fuqua School of Business.

Press:  This discussion will be "off the record" for any press outlets requesting attendance.

Note:  Registration is open through Monday, 4-18-16.  


Press: 
Please email :manager@national-economists.org with your attendance status and the date of attendance. It will be assumed that lunch is NOT requested.   If lunch is requested, please contact me in advance, prior to the date of the event, for registration and payment instructions.


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