Kuroda's Confidence in Japan Means Bank of Japan Retains Power to Surprise
- Bank of Japan is looking past current impact of oil prices
- Governor sees differences from last year when BOJ eased
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Bank of Japan Governor Haruhiko Kuroda’s repeated expressions of confidence in Japan’s economic prospects Wednesday offered little case for added stimulus when the BOJ meets again in three weeks.
That may be just what he intended, according to Masaaki Kanno, chief Japan economist at JPMorgan Chase & Co. in Tokyo, who previously worked at the central bank. “The next meeting is very crucial -- Kuroda’s main objective was to maintain some room for the freedom to act on the 30th of October.”