The Japanese experience of the 1990s shows:

Name: The Japanese experience of the 1990s shows:
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The Japanese experience of the 1990s shows that sometimes monetary policy does not work. Despite the Bank of Japan's efforts to stimulate the economy through monetary policy, Japan's economy remained stagnant for over a decade. This indicates that there are limits to what monetary policy can accomplish and that other policies, such as fiscal policy, may need to be considered in some situations.

The Japanese Experience of the 1990s Shows