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Friday, January 11, 2013

ADB's Kuroda: important for BOJ to commit to unlimited easing | Reuters

Genius, pure genius:

ADB's Kuroda: important for BOJ to commit to unlimited easing
| Reuters


Kuroda, a potential candidate to replace BOJ Governor Masaaki Shirakawa whose term expires in April, also said at a seminar in Tokyo that the yen is still overvalued and further declines would not be out of place.
Flexible inflation targeting could include steps to prevent prices and the jobless rate from deviating too far from a certain level, former deputy BOJ governor Kazumasa Iwata said at the same seminar.

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