This antediluvian monetary system has now been replaced by the up-to-date monetary system of Japan.
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Related: monetary
Prev: The central bank says that it will soak up the cash, for instance, by selling instruments of its own, so monetary policy will not be loosened.
Next: In terms of results, the yen has become about 25% lower against the U.S. dollar in the second quarter of 2013 compared to the same period in 2012, with a highly loose monetary policy being followed.
