Many economists take the view that Japanese monetary policy is in part to blame for the poor performance of the Japanese

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Many economists take the view that Japanese monetarypolicy is in part to blame for the poor performance ofthe Japanese economy from the early 1990s until 2012. Could theJapanese monetary policy have performed betterif Japan had applied the four lessons learned from the monetarypolicy transmission mechanism? Explain and justifyyour answer for each lesson.