News May 26, 2017(Research Paper) Phillips Curve and Price-Change Distribution under Declining Trend Inflation May 24, 2017Opening Remarks by Governor Kuroda at the 2017 BOJ-IMES Conference May 10, 2017(Research Paper) Effects of Monetary Policy Shocks on Inequality in Japan Related Links FAQ What is monetary policy, and how is it carried out in Japan? What is Quantitative and Qualitative Monetary Easing with a Negative Interest Rate? Price Stability and Monetary Policy Others Statistics The Basic Discount Rate and Basic Loan Rate Reserve Requirement Ratios