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"
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:
- Japanese companies expect consumer prices to rise an average 0.7 percent a year from now
Unchanged from their projection in the survey three months ago
Kuroda needs to get that 'unchanged' to 'up'. He'll keep at it I guess.