Japan PM - whoever is next governor, wants BOJ to focus on hitting inflation target

Author: Eamonn Sheridan | Category: Central Banks

Japanese Prime Minister Abe on the Bank of Japan, reported in the Nikkei today (via Reuters)

  • Important for Japan to reach stage where inflation rises above 2 pct, stabilise at that level
  • I place full trust in BOJ governor Kuroda , who is producing great results
  • Regardless of who becomes next governor, want BOJ to focus on monetary policies geared to achieving inflation target
Current Governor Kuroda's term expires in April of 2018. He is currently the favourite as next governor, i.e. to be reappointed, but obviously there is a long way to go. Gary Cohn is out of contention I reckon though.

I'll never tire of this pic