Report
Kuroda’s “Hail Mary” pass
posted by Richard Katz on November 07, 2014
Found in Japan, categorized in Monetary Policy
Report Cover
Headline
Despite the ebullient market reaction, Kuroda faced skepticism from four—well, actually five—of the nine members of the BOJ’s own Monetary Policy Board.
Abstract
In the face of a 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—and even snarky passages in the press about BOJ Governor Haruhiko Kuroda “stealthily extending thedeadline for exiting deflation”—Kuroda threw a “Hail Mary” pass.