On Nov. 3^rd, Shigeto Nagai, Director-General of Bank of Japan International Department, gave a lecture entitled “The Problem of Long-term Stagflation-from the Perspective of a Japanese Economist” to Tsinghua PBCSF students.

Nagai talked about the long-term stagflation in Japan, analyzed US and Eurozone economies, and shared Japan’s experience in dealing with stagflation with the audience. He also exchanged ideas with the audience about the “lost decade” in Japan and briefly introduced the central bank’s monetary policy, economic restructuring framework and future regulations on inflation targeting.