BOJ Doubles down to Save Credibility, Part 2

posted by Richard Katz on November 05, 2014

Found in Japan, categorized in Politics

Tags: Richard Katz TOE Kuroda BOJ

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Do Kuroda and his fellow Board members actually believe their own forecasts? Or, is this something they feel that they have to say, regardless of their own doubts, in order to raise public expectations of inflation?


Kuroda’s actions may have been triggered by a draft report by the BOJ staff reportedly projecting a large downward revision in expected inflation in fiscal 2015; in the end the BOJ made a small downward revision.

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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