Thursday, March 21, 2013

After years of dissent, new BOJ head leads regime change





Haruhiko Kuroda had reason to be frustrated when he retired as Japan’s currency czar a decade ago.


The man now plucked to run the Bank of Japan and revive the long stagnant economy was a career Ministry of Finance bureaucrat at the time exasperated that the central bank had - as he saw it - shirked its duty to end what was then already six years of deflation. Much bolder action was needed, he argued.









via Business feed http://www.scmp.com/business/economy/article/1196143/after-years-dissent-new-boj-head-leads-regime-change

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