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Explain how central banks can produce monetary easing effects. Discuss the Bank of Japan’s current strategy...

Explain how central banks can produce monetary easing effects. Discuss the Bank of Japan’s current strategy to attain the price stability target (What is the numerical definition of the Bank of Japan’s price stability target?). Show your own views or refer to current debates among economists on recent monetary policies.

*This is an essay question, so please write this in detail and at length please.
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