Kuroda & Co. Just Can’t Get the World Weaned Off Stimulus
- Officials to mull policy in BOJ review, Jackson Hole symposium
- Monetary policy seen trapped globally in growth-support mode
Kass: Will Central Bankers Make a Policy Mistake?
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When central bankers pause for thought these days, there’s just one idea they’re unlikely to entertain: backing down.
Take Haruhiko Kuroda, governor of the Bank of Japan. Having helped push his institution further into the realms of unconventional, reflationary stimulus than any of his major peers, he has now instigated a comprehensive review to study its effects, which have waned. The only thing the BOJ won’t conclude when the assessment is completed for its September board meeting, Kuroda has said, is to do less.