- MarketPulse - https://www.marketpulse.com -

QE Deadline Looms for BOJ

Takahide Kiuchi often appears a lone voice of dissent on the Bank of Japan board as his proposals to change key elements of its massive monetary stimulus are consistently voted down, but two years into the policy he is looking increasingly prescient.

With the BOJ no closer to hitting the 2 percent inflation target it set for April 2015 when Governor Haruhiko Kuroda embarked on his radical money-printing drive, other members on the nine-strong board are starting to share Kiuchi’s concerns about the pitfalls of the policy.

“Kiuchi’s views serve as a powerful counter-balance to Kuroda because they resonate with what the ordinary Japanese feel,” said Hideo Kumano, a former BOJ official and currently chief economist at Dai-ichi Life Research Institute.

CNBC [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.


Latest posts by marketpulsefxstaff (see all [4])