Quantitative Easing - The Bank of Japan

The Bank of Japan is not the biggest central bank, but it has been since the 1990s the forerunner of unconventional monetary policy. The story goes all the way back to the 1990s when Japan had a major financial crisis and they slipped into a deflation mode. Since then, since 2008, everyone else followed them and the Japanese continued to launch a really dramatic push to try and push Japanese inflation above 2%.