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The yen weakens to 94.77 yen to the dollar on Feb 25, 2013 after the announcement of the appointment of Kuroda to head the central bank by prime minister Abe. Kuroda sets a two year time frame to achieve the 2% inflation target. He has experience in monetary and currency policy as he was head of the currency policy department at the finance ministry in the early 2000's, and has published a book about the failure and success of monetary and fiscal policy. For 2 years Kuroda lectured at Hitoshibashi University, before becoming head of the Asian Development Bank. Kuroda brings the kind of experience and caliber that Bernanke, Draghi and King bring to the central banks of the U.S., Europe and the UK.
Grouped Articles
Target Is 'Flexible,' Says Japan Bank Chief
Wall Street Journal 04/12/2013
Wall Street Journal 04/18/2013
Japan Official Cites Fundamentals in Yen's Drop
Wall Street Journal 04/12/2013
G-20 Backs Japan on Yen Policies
Wall Street Journal 04/20/2013
OECD Welcomes BOJ Inflation Target, Easing
Wall Street Journal 04/23/2013
BOJ Price Forecast Falls Short of Target
Wall Street Journal 04/28/2013
The views of the six board members of the Bank of Japan not appointed by prime minister Abe will help determine future policy consensus. The task of Kuroda and Iwata in 2013 will be to develop a consensus for action. Miyao, Ishida and Shirai are board members considered open to further monetary easing.
Grouped Articles
Target Is 'Flexible,' Says Japan Bank Chief
Wall Street Journal 04/12/2013
Tough Room for New BOJ Governor
Wall Street Journal 02/25/2013
Abenomics Gets Harder From Here
Wall Street Journal 02/25/2013
Nominee for Japanâs Central Bank Vows Aggressive Action
New York Times 03/03/2013
New Japan Bank Chief Sets Bold Target
Wall Street Journal 03/22/2013
Bank of Japan in Bold Bid for Revival
Wall Street Journal 04/04/2013
Grouped Articles
Pro-Inflation Policies Show Signs of Helping the Japanese Economy
New York Times 05/09/2013
Now Comes the Hard Part for Abenomics
Wall Street Journal 07/22/2013
Japanese Prices Rise, Signaling Rebound
Wall Street Journal 07/26/2013
Many in Japan Are Outsourcing Themselves
New York Times 07/21/2010
Japan Inc. Gets Ready to Raise Wages
Wall Street Journal 02/20/2014
Wall Street Journal 03/13/2014
The IMF's Lagarde calls Japan's policy "sound," and U.S. Federal Reserve chairman Bernanke says he supports countries looking at domestic economies when conducting monetary policy. The overall effect would be to help the global economy through a better performing domestic economy, says Bernanke. Gaining support in the global community for Japan's moves to reduce the value of the yen is important for the Abe administration and Japanese finance minister Taro Aso. These views were expressed at the G-20 meeting in Moscow in Feb. 2013.
Grouped Articles
Wall Street Journal 04/18/2013
Japan Official Cites Fundamentals in Yen's Drop
Wall Street Journal 04/12/2013
G-20 Backs Japan on Yen Policies
Wall Street Journal 04/20/2013
OECD Welcomes BOJ Inflation Target, Easing
Wall Street Journal 04/23/2013
Pro-Inflation Policies Show Signs of Helping the Japanese Economy
New York Times 05/09/2013
New York Times 05/23/2013
Failure of the president of the Bank of Japan to take an activist stance and provide confidence to financial markets in Japan. Criticism from the Japanese government and LDP candidate for prime minister Shizo Abe. Unstable politics and government in Japan as three prime ministers from the DPJ party are followed by Shinzo Abe of the LDP.
Grouped Articles
G-20 Backs Japan on Yen Policies
Wall Street Journal 04/20/2013
OECD Welcomes BOJ Inflation Target, Easing
Wall Street Journal 04/23/2013
Japanâs Economy Growing at 3.5% Annualized Rate
New York Times 05/15/2013
New York Times 05/23/2013
Now Comes the Hard Part for Abenomics
Wall Street Journal 07/22/2013
Japanese Prime Minister's Support Tops 70%
Wall Street Journal 02/11/2013
Grouped Articles
Pro-Inflation Policies Show Signs of Helping the Japanese Economy
New York Times 05/09/2013
New York Times 05/23/2013
Tokyo's Move to Raise Tax Hits Snag
Wall Street Journal 12/27/2011
Japanese Prices Rise, Signaling Rebound
Wall Street Journal 07/26/2013
Japan Says 'Sayonara' to Deflation Worries
Wall Street Journal 12/26/2013
Japan Official Cites Fundamentals in Yen's Drop
Wall Street Journal 04/12/2013
Grouped Articles
Pro-Inflation Policies Show Signs of Helping the Japanese Economy
New York Times 05/09/2013
Japan Posts Surge in Economic Growth
Wall Street Journal 05/15/2013
Japanâs Economy Growing at 3.5% Annualized Rate
New York Times 05/15/2013
New York Times 05/23/2013
Japanese Economic Data Give Abe a Lift
Wall Street Journal 06/10/2013
In Japan, a Growth Strategy With Echoes of the Past
New York Times 06/12/2013
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