In April 2023, Kazuo Ueda became the 32nd governor of the Bank of Japan (BoJ), which had become famous for adopting an ultra-dovish monetary policy. Japan had maintained a zero-interest-rate policy for years in order to achieve growth and take the economy out of deflation. Ueda had to decide whether to raise interest rates after achieving the bank’s inflation target of 2 per cent. This was a crucial decision as the United States and other countries .....more

Teaching note for product W37533.

In May 2022, Sri Lanka faced its worst economic crisis since its 1948 independence from Britain. The crisis led to skyrocketing prices, double-digit inflation, a more than 100 per cent increase in fuel prices, multi-hour power cuts, depleting foreign exchange reserves, an acute shortage of food and medicines, a dramatic collapse in incomes, mounting government deficits, devastating government policies, record debt defaults, and a downgraded currency .....more

Teaching note for product W31827.