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The contrasting approaches of Bank of Japan chief Kuroda with his predecessor Shirakawa who talked down each BOJ move

04/12/2013

Kuroda's communication with foreign media in an intervew April 11, 2013, was meant to communicate flexible policy action and BOJ watchful for asset bubbles developing. One of the main criticisms of Tokyo University economist, Takatoshi Ito, a candidate for BOJ chief, was that Shirakawa gave a cold shower after each move with cautious language, in effect talking down each move. Kuroda's communication with the media compares favorably with Bernake at the U.S. Fed and Draghi at the ECB.

Grouped Articles

Target Is 'Flexible,' Says Japan Bank Chief

Wall Street Journal 04.12.2013

Japan’s Economy Growing at 3.5% Annualized Rate

New York Times 05.15.2013


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