Technical Analysis

BOJ’s Kuroda: Not achieving 2% inflation target sustainably is the only regret I have

  • We have eradicated deflation during my tenure at least
  • Economic growth has also been regained since 2013
  • Accommodative monetary policy has helped to change the Japanese economic structure
  • But unfortunately, we still haven’t achieved 2% inflation target in a sustainable manner; that is the only regret I have

Given such a defeated remark, I think that essentially seals the deal that we should not expect any major policy changes to follow by the BOJ until we see Kuroda step down in April.

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