Economics
Bank of Japan’s Kuroda Faces Tough Task to Persuade Markets He Won’t Pivot
- Defending 10-year yield seen shoring up BOJ’s stance for now
- Central bank resists urge to expand bond buys on Wednesday
This article is for subscribers only.
Bank of Japan Governor Haruhiko Kuroda faces a growing challenge to convince investors that a policy pivot isn’t on the horizon following a wave of hawkish turns by global central bankers.
Kuroda continues to insist that the BOJ’s yield control framework is firmly bolted down without any tinkering under consideration given continued weakness in Japanese price growth.