Kuroda departs BOJ after inflation fails to fly like ‘Peter Pan’

TOKYO - Haruhiko Kuroda delivers his last press conference as Japan's central bank chief on Friday, ending a decade of unconventional policy that included "bazooka" stimulus and a push to change public perceptions with a wall of money and Peter Pan metaphors. Hand-picked by then premier Shinzo Abe to break Japan out of deflation, Kuroda will see his second, five-year term end on Saturday and hand over the baton to his successor Kazuo Ueda. The 78-year-old gives his press conference at 0630GMT, the Bank of Japan (BOJ) said. Shock therapy was among the key features of Kuroda's monetary experiment, under which the BOJ deployed a huge asset-buying program in 2013 partly to convi...Keep on reading: Kuroda departs BOJ after inflation fails to fly like ‘Peter Pan’

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.