Question

Any 3 different examples of monetary policy and initiatives taken during any certain crisis in different asian countries ( any asian country will do other than Malaysia ). explain the effectiveness of the policies taken by the countries and their comparison . ( the comparison must be between the countries' monetary policy from the first part of the question . 10 points .

Answer 1

Asian country I have taken is Japan and China and the crisis is covid 19.

The bank of Japan has tried to ease its monetary policy by expanding its government corporate bond purchase program.Again the central bank said enhancement of monetary easing was necessary . The bank expects the short and long term policy interest rates to stay at a lower level.China's central bank on the other hand loosened its monetray stance to control the pandemic and protect small busineses,it has injected trillions of yuan in the financial market,.increased commercial bank loans and multiple  rate cuts in order to lower the cost of the economy.,

The effectiveness of these policies are corporate bond purchase will lighten the economic impact of the pandemic.Adopting the measures , the bank of Japan will be able to control decline of the economy as the economy is likely to face a contraction .China aims to keep the normal monetary policy as long as possible in order to bring long term development.