1 “...The Bank of Japan has introduced various unconventional monetary policy tools since the launch...”

2 “...Japan...”

3 “...How does a shrinking population affect the housing market? In this study, drawing on Japan...”

4

5 “...Three years have passed since the Bank of Japan's asset purchase program was introduced in 2011...”

6 “... by the Bank of Japan (BoJ) affected Japanese banks' lending and risk taking behavior. The BoJ's announcement...”

7 “... have been heavily influenced by Japan's demographic trends, as a majority of exits in recent years were...”