BOJ Gov Haruhiko Kuroda Photo: REUTERS

Rocky path awaits Kuroda in his next BOJ term

By Leika Kihara

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"Kuroda has a diminished capacity to relaunch a stimulus program after the massive asset purchases of the past five years."

That isn't true. People were saying that about year ago, before the BOJ announced its "yield curve control," which left those people stratching their heads. Before that was "qualitative easing," and before that the BOJ cornering the bond market, and so on, and so on.

The policy possibilities are almost boundless for Japan's solid, stable and self-reliant monetary system.

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what's rocky? Just keep interest at close to zero and do nothing. Like you have been forever

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Try actually reading the article folks

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"External shocks" are clearly going to be challenging.

As for Inflation - if you've been to the local Supermarket recently, you'll have noticed that basic vegetable prices have rocketed... this is mostly due to the bad Weather experienced earlier in the year. (640 yen for a medium sized cabbage is an example), so hopefully this will be short-lived. But, this is real inflation to the normal person living a normal life. End result... domestic spending will be reduced (obviously), and with the looming specter of another hike to consumption tax.... (which is across the board), won't help matters. He's certainly got his work cut out for him.

Wonder if Fujimaki will have his day (it's taken 20 years or so...):

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