Report

BOJ Doubles down to Save Credibility, Part 1

posted by Richard Katz on November 04, 2014

Found in Japan, categorized in Politics

Tags: Richard Katz TOE BOJ Abe Kuroda

Report Cover

Headline

It is well known that Prime Minister Shinzo Abe, who keeps a stock monitor in his offices, see rising stock prices as critical to voter confidence in Abenomics and hence his own approval ratings.

Abstract

In the face of growing loss of faith in the Bank of Japan’s ability to either achieve its 2% inflation target in the foreseeable future or to help boost real growth, Kuroda doubled down his strategy of lots of confident talk and even more money-creation.

About Richard Katz

Richard Katz is Senior Fellow at the Carnegie Council for Ethics In International Affairs, the New York correspondent for Weekly Toyo Keizai, a leading Japanese business magazine, and formerly the editor of The Oriental Economist Report, a monthly newsletter on Japan.

Mr. Katz has taught about Japan’s economy as an Adjunct Associate Professor at the New York University Stern School of Business, and as a Visiting Lecturer in Economics at the State University of New York (SUNY) at Stony Brook.

Mr. Katz is the author of two books on Japan's economic travails and has just finished a third book on reviving entrepreeurship in Japan.

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