haruhiko kuroda

BoJ Blames Amazon; Or, What A Difference A Few Months Make

By |2018-06-18T13:21:02+00:00June 18th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Bank of Japan gathered its policymaking members in Tokyo at the end of last week. The statements released and the commentary given pursuant to it exuded a renewed darkness. When they had last met on April 26 and 27, things were already different. But the conclave before that, March 8 and 9, they were [...]

And Now For Something Completely Different

By |2018-05-16T12:02:10+00:00May 16th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Back in February, Japan’s Cabinet Office reported that Real GDP in Japan had grown in Q4 2017 for the eighth consecutive quarter. It was the longest streak of non-negative GDP since the 1980’s. Predictably, this was hailed as some significant achievement, a true masterstroke of courage and perseverance. It was taken as a sign that [...]

Questions Not of Success, But of the Effectiveness of Illusion

By |2018-03-06T11:54:09+00:00March 6th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Last week, Bank of Japan Governor Haruhiko Kuroda unleashed a mini-controversy with remarks he now claims were taken somewhat out of context. On March 2, speaking before Japan’s parliament, the central banker sure sounded quite confident: Right now, the members of the policy board and I think that prices will move to reach 2 percent [...]