Economics
Kuroda on Cruise Control Belies Risks Posed to BOJ by Trump
- BOJ keeps policy settings unchanged, upgrades GDP outlook
- Central bank sees risks to growth, prices skewed to downside
Did the BOJ Make the Right Decision on Stimulus?
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Optimistic economic forecasts and monetary policy settings that haven’t changed since September lend an aura of calm and control to the Bank of Japan. The problem is, much of what’s been going right lately -- and a lot of what could go wrong this year -- are beyond its control.
This was clear Tuesday when the central bank raised its projections for growth and maintained bullish price estimates, while warning that the risks to this picture are skewed to the downside, and include developments in the U.S. and other overseas economies.