“Kuroda’s Long Shot: 2% In 2 Years”
Thats a headline from the Nikkei this morning. Gist is while Kuroda’s target is 2% inflation in two years, private sector economists say 5 years is more likely.
They’re probably right to be wary. But its the steps that Kuroda takes in the next few days and weeks that have the potential to light up the yen crosses. Action from the BOJ has been disappointing compared to the rhetoric. The big question is, is that about to change? I think it is – but we’ll see.
No holiday in Japan today. Party time.
