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Bank of Japan, Kuroda faces tough choices

Bank of Japan, Kuroda faces tough choices

Submitted By: 2 March 2013 No Comment

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Elected prime minister for a second time in December, Abe has argued forcefully that the central bank is not moving quickly enough to stimulate Japan’s flagging economy. He favors aggressive monetary easing, and made that the centerpiece of his election campaign.

The idea is that further easing, combined with fiscal stimulus, could end years of deflation and coax the world’s third largest economy out of recession.

The strategy got a boost Thursday as Abe nominated Haruhiko Kuroda to succeed Masaaki Shirakawa as Japan’s top central banker.

Read the rest of the story: Bank of Japan, Kuroda faces tough choices – Feb. 28, 2013.

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