The Nikkie says: Bank of Japan Governor Kuroda sees public confidence as the key to his elusive 2% inflation goal

  • "Gaining the people's confidence is an important prerequisite to carrying out monetary policy"

Nikkei piece is here (may be gated)

Mmmm, OK then. But its been a huge uphill battle for Kuroda and the BOJ. The 'deflationary mindset' is persistent.

Two days ago we got part 2 of the Bank of Japan Tankan survey results ... the price expectations survey:

Kuroda needs to get that 'unchanged' to 'up'. He'll keep at it I guess.