HARUHIKO Kuroda (pic) really, really wants you to believe he isn’t remotely finished juicing Japan’s economy.
The Bank of Japan (BoJ) wrapped up a three-month review of its policy yesterday with some tweaks to its approach. It will allow the yield on 10-year government bonds to move 25 basis points on either size of the bank’s zero target, a slightly wider range than investors assumed previously. In a testy exchange with reporters after the announcement, Kuroda emphasised that the band had not been widened; rather, the policy was merely clarified.