Research ArticleOpen accessIn the keywordsHow Can the Public Monitor Monetary Policy?Takashi SendaOn August 11, 2000, the Bank of Japan made one of the most controversial decisions in the history of monetary policy when it ended its zero-interest-rate policy and increased the overnight rate to 0.25%. This paper aims to examine whether or not this decision to terminate the zero-interest-rate policy was premature. In this study, I argue that this decision by … …American Journal of Economics and Business Administration, Vol. 9, Issue 2 · 6 Jul 2017 · 8,273 accessesView PDFCite