Yuto Kajita Japan Center for Economic Research   1-3-7 Otemachi Chiyoda-ku, Tokyo 100-8066 Japan   yuto.kajita@jcer.or.jp   https://yuto-kajita.com           JEL Areas: E5 : Monetary Policy, Central Banking, and the Supply of Money and Credit: General E3 : Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)