Volatility Risks Rise as Era of BOJ’s Kuroda Ends
The outgoing Bank of Japan governor has overseen a time of consistency and his departure may upend assumptions in markets. Meanwhile, Fed’s Powell will need to be careful what he tells US lawmakers.
One last goodbye.
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It’s far too easy to declare the end of an era, but in Japan it really looks as though momentous change is afoot. Later this week, a few hours before the US reveals February unemployment, Haruhiko Kuroda will preside over his last meeting as governor of the Bank of Japan. He has been a force of stability in a country that has arguably had too much of it, and his departure will require the world of finance to adjust some deeply held assumptions.