The Bank of Japan July 2017 monetary policy meeting is Wednesday and Thursday this week
A columnist in the Nikkei asks an interesting question:
Is the BOJ about to shock markets anew?
Pressure mounts on Kuroda to save Abenomics
- Masaaki Shirakawa ... the then-Bank of Japan governor was shown the door by a prime minister who felt he had not eased monetary policy enough
- Now his successor is starting to worry about his own job security
- Two advisors to Japan's Prime Minister Shinzo Abe have publicly suggested that current BOJ Gov. Kuroda does not deserve a second term when his current one ends in March
- The whisper campaign is code for: Kuroda had better try harder, and fast, to save Abenomics and achieve the BOJ's 2% inflation target
I'd sure get a surprise if Kuroda acted due to such pressure, but that's the columnist's point ... could Kuroda shock us?
Worth a read!
