Bank of Japan Governor Haruhiko Kuroda may be constrained in the amount of stimulus he can deliver at his first policy meeting today as he seeks support from a board mostly appointed by the previous government.
Putting the final touches to his latest book in October, retired Yale University professor Koichi Hamada received a phone call at his Connecticut home. It was Shinzo Abe, whom he’d known for more than a decade and was running for a second shot at being Japan’s prime minister.
Bank of Japan board members said the central bank should avoid getting too involved in the allocation of capital in its latest effort to spur lending and economic growth, a record of their April 30 meeting showed.
Prime Minister Shinzo Abe shortened his list of candidates for Bank of Japan governor as he seeks to end decades of reluctance at the central bank to accept responsibility for the nation’s inflation rate.
The Bank of Japan expanded its plan for government-bond purchases by 10 trillion yen ($124 billion) after the world’s third-largest economy showed signs of slowing and lawmakers pressed for more aggressive steps.
The Bank of Japan could usher in a growth spurt unseen in a generation by stepping up stimulus and ending deflation, according to Haruhiko Kuroda, the head of the Asian Development Bank and a potential contender for BOJ chief.
The Bank of Japan poured a record 15 trillion yen ($183 billion) into the world’s third-biggest economy today as the strongest earthquake in the nation’s history triggered a plunge in stocks and surge in credit risk.