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With global central banks accelerating interest rate hikes to tackle inflation, Haruhiko Kuroda will have the task of explaining why he is insisting on staying wedded to stimulus.
(Bloomberg) -- Bank of Japan Governor Haruhiko Kuroda faces another awkward communications challenge later this month when the central bank updates forecasts widely expected to predict the strongest annual inflation since 1992 outside tax hike years.
The reassurance on the key pledge and cooperation between ministry officials and the central bank will likely temper market speculation of an early stimulus exit.
BOJ’s Kuroda Maximizes Flexibility Ahead of Crucial Two Months Bloomberg 1/21/2021 Toru Fujioka and Sumio Ito (Bloomberg) -- Bank of Japan Governor Haruhiko Kuroda looked to keep all his options open for a policy review in March following two critical months that will likely determine whether the pandemic will ease or take a turn for the worse. Speaking at a press briefing after the central bank left all of its main policy settings unchanged, Kuroda spent much of his time counting nothing out of the review into the mechanics of the bank’s stimulus program. The one point ...
BOJ keeps policy steady as virus bites, anticipating brighter fiscal 2021 Sorry, but your browser needs Javascript to use this site. If you're not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ The Bank of Japan forecasts the economy will shrink 5.6% in the fiscal year through March, compared with its October forecast for a 5.5% contraction, but grow 3.9% in fiscal 2021, up from an earlier forecast of 3.6%. | BLOOMBERG Bloomberg Jan 21, 2021 The Bank of Japan has kept its main policy unchanged after forecasting that the economy will regai...