Reversal of the BoJ’s balance sheet policy and liquidity dependence

Hiroshi Ugai & Takeshi Osada

Japanese Economic Review2026https://doi.org/10.1007/s42973-026-00247-7article
AJG 1ABDC B
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https://doi.org/https://doi.org/10.1007/s42973-026-00247-7

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@article{hiroshi2026,
  title        = {{Reversal of the BoJ’s balance sheet policy and liquidity dependence}},
  author       = {Hiroshi Ugai & Takeshi Osada},
  journal      = {Japanese Economic Review},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1007/s42973-026-00247-7},
}

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Reversal of the BoJ’s balance sheet policy and liquidity dependence

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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