Report

TOE Alert: BOJ Sends up Grey Flag in Revising Downward Its Inflation Forecast

posted by Richard Katz on January 25, 2015

Found in Japan, categorized in Monetary Policy

Tags: Richard Katz TOE Kuroda BOJ inflation

Report Cover

Headline

Kuroda believes in the magic of the “self-fulfilling prophecy.” If people and firms can be led to really expect inflation to reach 2%, claims Kuroda, then they will act as if that is going to happen.

Abstract

Richard reports that the Bank of Japan Governor has raised the grey flag for achieving the 2% inflation target in two years.

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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