A fun article from Bloomberg:
- Soccer legend Diego Maradona scored one of his most famous goals by taking the most direct route to his objective, wrong-footing defenders who expected him to alter course. Now, Bank of Japan Governor Haruhiko Kuroda is doing the same, an increasing number of economists say
- Kuroda has confounded those who expect a change. While Maradona left five England players floundering as he ran in an almost straight line for his second goal in Argentina’s quarter-final World Cup win, Kuroda has defied economists’ projections
- “The Maradona theory fits perfectly well with what’s been happening,” said Hideo Kumano, executive chief economist at Dai-ichi Life Research Institute in Tokyo and a former central bank official. “Inflation is developing in line with the BOJ’s outlook, while economists have been forced to keep postponing their bets”
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Love it!
No mention of the “Hand of God”, though!
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More:
- 24% of analysts polled in a Bloomberg News survey conducted June 3 to 6 say the BOJ won’t make any addition to the stimulus announced in April last year, up from 3% in December
- All 33 economists in the Bloomberg survey forecast Kuroda and his board will keep policy unchanged at a two-day meeting ending June 13.
- 57% see BOJ action by the end of this year, dropping from 75 percent last month
