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Andy Mukherjee

The BOJ Should Throw Japan's Banks a Bone

Abenomics needs profitable lenders.

Haruhiko Kuroda, the BOJ governor.

Haruhiko Kuroda, the BOJ governor.

Photographer: Tomohiro Ohsumi/Bloomberg

It’s decision time again for the Bank of Japan, and the most important issue for markets boils down to this: Will there be a hint from policymakers that the side effects of monetary easing are beginning to worry them?

The answer to that question may lie as much in geopolitics as in economics.