Despite Bank of Japan (BOJ) Governor Kuroda;s repeated assurances, 75% of economists surveyed by Bloomberg forecast more stimulus by the end of the year from the BOJ, compared with 77% last month
The poll was conducted May 2-8
The Bloomberg report goes on:
- The divergence in views raises the stakes in the battle for credibility after Kuroda this week said economists have been “consistently wrong” on Japan
“Private economists have been issued a challenge,” said Masaaki Kanno, chief Japan economist at JPMorgan Chase & Co. “It’s probably only a matter of time before the BOJ is proven wrong. Their credibility will be damaged once they are forced to boost stimulus.”
More detail: Kuroda Fails to Sway Analysts Forecasting Easing in ’14: Economy
