Kuroda Ally Ito Sees Chance of BOJ Starting Policy Normalization in 2023
This article is for subscribers only.
The Bank of Japan may be able to step toward normalizing policy this year by achieving its sustainable inflation target, according to Takatoshi Ito, an ally of Haruhiko Kuroda and a contender to replace him in April.
“Governor Kuroda’s successor will need a delicate balance in handling policy, but if things go well, 2023 could become a historic year when the BOJ achieves its price target and starts stepping toward normalization,” Ito said in an article for Forbes Japan, released on its website Thursday.