Soccer legend Diego Maradona scored one of his most famous goals by taking the most direct route to his objective, wrong-footing defenders who expected him to alter course. Now, Bank of Japan Governor Haruhiko Kuroda is doing the same, an increasing number of economists say.
The Bank of Japan’s chief executor of its unprecedented monetary stimulus, Masayoshi Amamiya, is expected by central bank and Abe administration officials to be reappointed to a rare second term, according to people familiar with the discussions.
As Japan girds for a wallop to spending from a looming sales-tax increase, discussion in the nation’s parliament turns to history -- not to 1997, when the last bump in the levy helped trigger a recession, but to 1937.
Half a year after Bank of Japan Governor Haruhiko Kuroda unleashed record monetary easing, economists see the bank failing to meet its inflation target, underscoring the case for stronger steps to revive the economy.
Japanese labor unions said they clinched their biggest raises in years as Prime Minister Shinzo Abe calls for companies to boost wages to help put the world’s third-largest economy on a path to sustainable growth.
Japan announced the locations of special strategic zones in which looser regulations will be tested as part of Prime Minister Shinzo Abe’s drive to attract investment and boost the nation’s competitiveness.
Haruhiko Kuroda said that the Bank of Japan will do whatever is needed to end 15 years of deflation should he be confirmed as governor and indicated that open-ended asset purchases could start sooner than next year.