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

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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.


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

Richard Katz is Editor of The Oriental Economist Report, a monthly newsletter on Japan, as well as the semi-weekly TOE Alert e-mail service on Japan, and is also a special correspondent at Weekly Toyo Keizai, a leading Japanese business weekly.

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