Bloomberg survey of economists on Kuroda's reappointment, and on a problem for the BOJ

Author: Eamonn Sheridan | Category: Central Banks

A Bloomberg survey of 26 economists following the nomination of Kuroda to head the Bank of Japan again 

(and new deputies Masayoshi Amamiya and Masazumi Wakatabe)
  • Majority of those surveyed said "powerful' easing to continue
  • Three say the appointments will change the course of central bank policy
But ... many of the economists pointed to yen strength as a problem for the BOJ
"The rapid appreciation of the yen increases the chance of a delay in raising the 10-year bond yield target," said Atsushi Takeda, chief economist at Itochu Corp. "If the yen breaks through 100 to the dollar, additional easing becomes a possibility."

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