Central Banks
Kuroda Buffets Yen a Final Time After a Decade of Radical Easing
- Hold comes after parliament approved Ueda as new BOJ chief
- Economists sharply split on if Kuroda’s tenure was a success
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Haruhiko Kuroda finished his last meeting at the helm of the Bank of Japan by buffeting markets again with a straightforward stand-pat that contrasted with the explosive launch of his massive stimulus program a decade ago.
The BOJ left its negative interest rate and its cap on government debt yields untouched Friday at the shortest regular meeting during Kuroda’s watch, as it stuck to its view that inflation at more than twice its 2% target level still isn’t sustainable.