29 July 2016
The BOJ's Kuroda Opts for Low Hanging Fruit
Bank of Japan Governor Kuroda appears to be the central banker that the markets have the most difficulty in reading. The activist Governor provides the barest of tweaks to what is by nearly any reckoning among the most aggressive monetary policies by a high-income economy. Moreover, much of the important data reported during the BOJ's meeting, including inflation and consumption were weaker than expected.