The Wall Street Journal carried an article overnight; BOJ governor Kuroda saying
- “the central bank’s ambitious inflation target is “flexible”
- The BOJ will not necessarily ” stick to that target mechanically”
This is a softening of rhetoric from Kuroda – it may be he has an eye on the next week’s G20 finance ministers and central bank governors meeting in Washington (April 18-19) and wants to limit potential criticism of Japan’s policy and its impact of the yen exchange rate there.
