White worried about financial instability from his arrival at the BIS and had a large file on Japan's boom-bust with zero inflation, which contradicted the prevailing view that price stability ensures financial stability.
factualpending
Speaker
William WhiteEvidence Quote
“I think from the time that I arrived at the BIS, I was I was worried about this stuff... Japan was a huge boom and bust, right? But there was uh no inflation at all.”
Created: 8/11/2026, 7:24:53 AM
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