Bank of Japan Governor Kuroda speaking from the 2017 BOJ-IMES Conference. His topic is "Monetary Policy: Lessons Learned and Challenges Ahead"

Headlines via Reuters:

  • Uncertainty about the natural rate of interest makes it difficult for central banks to steer policy
  • Natural rate of interest has declined in recent years, leading to unconventional monetary policies
  • Monetary policy is not a tool for redistribution of wealth, mon pol is not well suited for dealing with inequality

M'eh ... nothing much for immediate impact in his remarks.

Full text is here:

Opening Remarks at the 2017 BOJ-IMES Conference Hosted by the Institute for Monetary and Economic Studies, Bank of Japan