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
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.