In Argentina, the central bank achieved sustained progress towards the definite resolution of pending issues which have held the financial system at risk, by means of a proactive regulatory and supervision policy.
To overcome deflation, the Bank of Japan (BoJ) engaged in a wide range of monetary easing efforts − including the implementation of the zero interest rate policy, the quantitative easing policy and comprehensive monetary easing, but there have been no easily derived concrete results4. Following the crisis, the BoJ embarked on an ambitious asset purchase program to combat deflation.