Economics
Bank of Japan's Kuroda Faces a Communication Challenge
- Governor expected to tamp down expectations of policy change
- Quarterly forecasts of growth and inflation will be in focus
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Bank of Japan Governor Haruhiko Kuroda faces a communication challenge: expressing his usual confidence that inflation is headed to the central bank’s target while cooling speculation that the first step in normalizing policy is nearing.
After a two-day policy meeting ends Tuesday, investors are sure to scrutinize Kuroda’s words and the latest price and economic growth forecasts for signs that the BOJ is closer to joining its global peers in dialing back its ultra-loose monetary policy.