![Historical Evolution of Monetary Policy (Goals and Instruments) in Japan: From the Central Bank of an Emerging Economy to the Central Bank of a Mature Economy | SpringerLink Historical Evolution of Monetary Policy (Goals and Instruments) in Japan: From the Central Bank of an Emerging Economy to the Central Bank of a Mature Economy | SpringerLink](https://media.springernature.com/lw685/springer-static/image/chp%3A10.1007%2F978-981-10-0622-7_34-1/MediaObjects/394556_0_En_34-1_Fig3_HTML.png)
Historical Evolution of Monetary Policy (Goals and Instruments) in Japan: From the Central Bank of an Emerging Economy to the Central Bank of a Mature Economy | SpringerLink
![Holger Zschaepitz on X: "The Bank of #Japan is on its way to becoming the largest balance sheet measured by GDP. Total assets equal to 112.6% of Japan's GDP vs SNB's 122.6%, Holger Zschaepitz on X: "The Bank of #Japan is on its way to becoming the largest balance sheet measured by GDP. Total assets equal to 112.6% of Japan's GDP vs SNB's 122.6%,](https://pbs.twimg.com/media/EXhm3PaXgAUVu8_.jpg)
Holger Zschaepitz on X: "The Bank of #Japan is on its way to becoming the largest balance sheet measured by GDP. Total assets equal to 112.6% of Japan's GDP vs SNB's 122.6%,
![Financial Times on X: "1️⃣ Should inflation come under control, Ueda could unwind a decade of extreme policy tools that have expanded the Bank of Japan's balance sheet to 120% of Japan's Financial Times on X: "1️⃣ Should inflation come under control, Ueda could unwind a decade of extreme policy tools that have expanded the Bank of Japan's balance sheet to 120% of Japan's](https://pbs.twimg.com/media/FusyULwaMAA6fGL.png)
Financial Times on X: "1️⃣ Should inflation come under control, Ueda could unwind a decade of extreme policy tools that have expanded the Bank of Japan's balance sheet to 120% of Japan's
![Central bank balance sheet growth has not led to sustained inflation levels in-line with developed market central bank targets. – Boyd Watterson Central bank balance sheet growth has not led to sustained inflation levels in-line with developed market central bank targets. – Boyd Watterson](https://i0.wp.com/boydwatterson.com/wp-content/uploads/2020/12/1-Japan-Central-Bank-Balance-Sheet-and-Inflation.png?resize=1024%2C599&ssl=1)
Central bank balance sheet growth has not led to sustained inflation levels in-line with developed market central bank targets. – Boyd Watterson
![Japan's central bank balance sheet. Source: IMF International Financial... | Download Scientific Diagram Japan's central bank balance sheet. Source: IMF International Financial... | Download Scientific Diagram](https://www.researchgate.net/publication/320658670/figure/fig8/AS:960359510847526@1605978958416/Japans-central-bank-balance-sheet-Source-IMF-International-Financial-Statistics.gif)