A decade ago, Bank of Japan Gov. Haruhiko Kuroda won praise for ending a debilitating spike in the yen with his “bazooka” stimulus.
Now the currency’s slide is putting him under siege and forcing him to reluctantly concede that once he leaves next April, the bank may start relaxing its policy that caps bond yields.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
Source: The Japan Times