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Haruhiko Kuroda

September 2024

Yi Gang.

Top China banker makes rare admission on dire economy

Former People’s Bank of China governor Yi Gang said the government should focus on ending deflation, acknowledging that falling prices are threatening growth.

March 2024

BoJ governor Kazuo Ueda arrives at the central bank on Tuesday.

BoJ has increased at last, but this tiny step is no lift-off

Governor Kazuo Ueda is choosing to move at a relatively benign time in the global economy. He may want to push rates just a little bit higher, so he has room to cut when the next slowdown arrives.

April 2023

Kazuo Ueda, governor of the Bank of Japan , arrives at the central bank’s headquarters in Tokyo, Japan, on Monday.

Ueda kicks off first change of BoJ governorship in a decade

As the first academic to head the 140-year-old institution, Kazuo Ueda has so far struck a neutral tone on monetary policy.

The Asakusa shopping district in Tokyo. Inflation is eroding real wages in Japan.

New BoJ governor must end Japan’s easy money addiction

Kazuo Ueda faces the tough task of shifting gears to normalise monetary policy without hurting the economy too much.

March 2023

Outgoing Bank of Japan governor Haruhiko Kuroda.

Bank of Japan’s Kuroda refrains from parting surprise

Haruhiko Kuroda defied some market pundits and stuck with the Japanese central bank’s yield control program in his final meeting as governor.

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Haruhiko Kuroda will give his final press conference as Bank of Japan governor on Friday.

Kuroda’s last meeting has markets focused on a final surprise

Global investors remain on high alert for a surprise parting shot from the Bank of Japan governor that may jolt financial markets around the world.

February 2023

Japan posts weak growth in challenge to new BoJ chief

The incoming central bank chief needs to carefully weigh up the strength of Japan’s recovery and whether to tighten ultra-loose monetary policy.

Kazuo Ueda faces the imposing task of steering Asia’s most advanced economy towards interest rate normalisation.

BoJ’s new ‘dark horse’ governor sends shockwaves

Economist and academic Kazuo Ueda, a surprise appointment, will face strong market pressure to abandon the central bank’s aggressive monetary easing.

January 2023

Haruhiko Kuroda

Japan must start culling its zombie companies soon

The Bank of Japan’s decision to maintain ultra-loose monetary policy for now merely defers the euthanasia of persistently unprofitable companies.

Bank of Japan Governor Haruhiko Kuroda stunned everyone just before Christmas by widening the trading band on 10-year bond yields.

What the Bank of Japan’s shock move means for your money

That ski trip to Japan this winter might not be such good value. The yen strengthened sharply against the dollar after the decision and has  held on to the gains. Investors are now betting the yen may rise as much as another 10 per cent.

inflation

BoJ boosts bond buying for fourth day to cap rise in yields

The BoJ announced a fourth day of unscheduled bond buying on Wednesday, offering to buy unlimited amounts of two- and five-year notes.

Haruhiko Kuroda holds the record as the longest-serving governor of the Bank of Japan.

Uncertainty over Bank of Japan casts a shadow over markets

Lack of clarity on the successor to governor Haruhiko Kuroda adds to questions over last month’s abrupt policy change.

December 2022

Nash’s short became a popular trade for other UBS AM portfolio managers across the globe.

Aussie fundie’s big Bank of Japan bet pays off

Fixed income portfolio manager Tom Nash at UBS AM led with the fabled widow-maker trade in April and was gifted an early Christmas present when the BoJ pivoted on Tuesday.

October 2022

Out and about in Tokyo’s lively Ueno area. The Japanese government is encouraging people to get out and spend.

Low-inflation Japan a relative oasis in a troubled world

As global recession fears intensify, Japan’s stagnant economy increasingly looks like a haven from the world’s inflation woes.

September 2022

The ECB’s last rate cut to minus 0.5 per cent in 2019 proved highly controversial in savings-obsessed Germany.

End of an era prompts the question: Did negative interest rates work?

Critics of negative interest rates insist the policy damaged European lenders, while some central bankers say it boosted loan growth.

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Former Bank of Japan governor Masaaki Shirakawa

Why central banks got inflation so wrong

A former Bank of Japan governor says central banks took the wrong lessons from Japan’s long-term experiment with ultra-loose monetary policy – causing them to underestimate inflation.

August 2022

The situation could get even worse if  soaring food prices spark social unrest in importing countries.

Central bankers warn of ‘forceful action’ to tame inflation

ECB executive board member Isabel Schnabel warned of risks of a recession, but bankers have “little choice” but to continue tackling inflation.

July 2022

Shoppers in Osaka. Japan’s central bank continues to be extremely wary of moving too quickly to raise rates and hitting the economy as it has done in the past.

Japan defies wave of inflation-fighting rate increases

By standing pat, the Bank of Japan looks set to become the last holdout on rates among major developed economies.

Merchants sell potatoes at La Vega market in Santiago, Chile, where the central bank this week raised the interbank interest rate from 9 per cent  to 9.75 per cent, its highest level in 24 years.

Central banks rush to quell the inflation they helped stoke

Supply chain snarls and Russia’s invasion of Ukraine have decisively removed any case for gradualism in combating inflation.

September 2021

Fumio Kishida. ne.”

The party contest won, Kishida’s next job is to convince voters

Fumio Kishida must prepare to guide the LDP not only through a general election that must be held by November, but an upper house poll next year.

Original URL: https://www.afr.com/person/haruhiko-kuroda-39c