Outgoing Bank of Japan Governor Haruhiko Kuroda has learned the hard way that even a decade of unprecedented monetary easing is not enough to attain a 2 percent inflation target that he once thought would be achievable in two years.
Outgoing Bank of Japan Governor Haruhiko Kuroda asserted on Friday that the country has made steady progress toward achieving the 2% inflation target. Speaking to the press ahead of his retirement fro.
The Bank of Japan's monetary easing was "appropriate" and effective in jolting Japan out of deflation, and its retention under new leadership is of utmost importance as inflation expectations are heightening, outgoing Governor Haruhiko Kuroda says.