Economics
Japan’s Central Bank Is Driving Economic Policy as the Government Sinks in Scandal
- Kuroda provides Japan stability with new term from April 9
- Deputies Amamiya, Wakatabe begin five-year stints next week
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Japan’s dependence on the central bank to drive economic policy was on show again on Friday as parliament locked in Governor Haruhiko Kuroda to another five-year term as a land scandal undermined the nation’s political leaders.
While analysts are divided on whether the Prime Minister Shinzo Abe and Finance Minister Taro Aso will hang onto their jobs this year, there’s no doubt their focus will be diverted away from the government’s already flagging economic agenda.