Table: Desperate Measures

The BOJ's struggles to jump-start the economy

AUGUST, 2000

The BOJ tries tough love, raising its key overnight rate to 0.25%

MARCH, 2001

With the economy sagging, the BOJ cuts overnight rate to zero and promises to push more cash into the banking system to boost consumer demand

MAY, 2001

The BOJ fails to meet its reserve goal in money-market operations some 15 times

MAY 18, 2001

The BOJ expands the range of bonds and bills it's willing to buy to entice banks to participate

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