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.
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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