Japanese Central Bank Chief Sticks His Neck Out, Pressures PM Abe For Action
Bank of Japan Governor Haruhiko Kuroda has a simple message for Prime Minister Shinzo Abe: It’s time to fire the ‘third arrow’ of reform or risk squandering the efforts of the past 18 months to revive the Japanese economy. Kuroda, confident that the BOJ’s massive monetary stimulus is pulling Japan out of two decades of growth-sapping deflation, is under no illusion that money-printing alone can underwrite a durable recovery.
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