Did Kuroda's Radical Policy Knowingly Disappoint?
The Bank of Japan’s most anticipated policy announcement in years left investors underwhelmed, sparking a surge in the yen and sending government bonds and emerging-market stocks lower. Japan’s currency rallied against all of its 31 major peers after the BOJ kept its government-bond buying target and policy interest rate unchanged, opting instead to increase exchange-traded fund purchases. Mitsubishi UFJ Chief Economist Brendan Brown discusses with Bloomberg's Francine Lacqua on "The Pulse."
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Full Show: Bloomberg Daybreak: Americas (08/25)
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