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Kuroda less dovish as he departs BOJ after decade of massive stimulus
Haruhiko Kuroda took a slightly less dovish tack in his farewell as Japan's central bank chief on Friday, ending a decade of unconventional policy that included a "bazooka" of stimulus aimed at boosting inflation and sustainable growth. Handing the reins of the Bank of Japan (BOJ) to academic Kazuo Ueda, Kuroda pointed to progress under his radical easy-money policy, which featured a push to change public perceptions with a wall of money and Peter Pan metaphors. "Japan's 15 years of deflation has created a strong perception among the public that prices and wages won't rise," Kuroda, 78, told a news conference ... (full story)