Is there a fix for Japan’s markets mess?
Finding one is the unenviable task of the next central-bank governor
Kuroda Haruhiko entered the Bank of Japan (boj) with a bang. Upon becoming governor in 2013, the former finance-ministry official fired a “bazooka” of easy money in an attempt to end decades of stagnation. The boj committed itself to buying vast amounts of assets and introduced negative interest rates in pursuit of a 2% inflation target. In tandem with the prime minister, Abe Shinzo, Mr Kuroda ushered in a new era of economic policy.
This article appeared in the Finance & economics section of the print edition under the headline “Seeking applicants:”
Finance & economics
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