Overnight story in the WSJ describes Kikuo Iwata as “seen by some as the brains behind Japanese Prime Minister Shinzo Abe’s push for aggressive monetary easing”. The article doesn’t cover any ground we haven’t discussed already, but if you’re looking for a summary, its a good one.

  • he considers it solely the BOJ’s responsibility to hit its newly adopted 2% inflation target in two years
  • would put his job on the line if the goal wasn’t met
  • it should proceed with more quantitative easing than what’s been done so far
  • a law change “would make it easier for the BOJ to achieve the 2% target”

BOJ Nominee Iwata Takes Aim at Central Bank (gated)