Jeff Young spoke with Masaaki Shirakawa, former Governor of the Bank of Japan. Mr. Shirakawa recently published a book, Tumultuous Times: Central Banking in an Era of Crisis (Yale Program on Financial Stability Series), where he recounts his 39 years as a central banker, and offers his views on critical questions, such as, What is the outlook for inflation? Are central banks trying to do too much? Will fiscal policy succeed where monetary policy has not? How can an economy raise its productivity?
