Kuroda’s Journey From Shock-And-Awe to Bond Market Fine-Tuning
- BOJ shifts focus to yield curve, resists calls for bold moves
- Analysts urge Abe to step up as central bank options dwindle
BOJ Shifts Policy Framework: What Does It Mean?
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Bank of Japan Governor Haruhiko Kuroda stormed onto the global stage back in 2013 with the subtlety of a Metallica concert, electrifying markets with a shock-and-awe monetary expansion powered by increased purchases of Japanese government bonds.
On Wednesday, Kuroda seemed a little bit more like a jazz musician, riffing variations on established themes. It’s not the sort of stuff that quickens the hearts of investors.