by Tetsuya Inoue
MPMs as a framework of collective decision making in the BOJ face challenges, since the gravity of policy making has shifted toward "collaboration" with the government. Nevertheless, MPMs could play some substantial roles. Possible area would be the discussion of economic and financial structures with a view to return to policy normality. Another area would be the discussion of financial stability, trying to minimize possible side-effects of unconventional policy.
*Organization names and job titles are current as of the publishing dates
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