Reported 1 day ago
The Bank of Japan has taken a critical look at former Governor Haruhiko Kuroda's radical monetary policies, revealing they didn't shift consumer perceptions as intended and warning of lingering negative impacts. Newly appointed Governor Kazuo Ueda emphasized the necessity to normalize monetary policy after years of unconventional easing that had limited success in raising inflation expectations. The review indicates that despite some positive effects on GDP, Kuroda's policies ultimately failed to achieve the target inflation rate of 2%, sparking continued debate among economists about the efficacy of these strategies.
Source: YAHOO