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Critic of BOJ chief's 'monetary shamanism' turns up the volume

More academics, ex-policymakers now agree with him that Kuroda's QQE policy relies too much on psychology
Thursday, October 23, 2014 - 05:50
BT_20141023_CRITIC23A_1332159.jpg
What sets Mr Kato (above) apart from many sceptics of the BOJ's policy of quantitative and qualitative easing are his warnings on the dangers even if Mr Kuroda hits the inflation target.
BT_20141023_CRITIC23A_1332159.jpg
What sets Mr Kato apart from many sceptics of the BOJ's policy of quantitative and qualitative easing are his warnings on the dangers even if Mr Kuroda (above) hits the inflation target.

Tokyo

IZURU KATO is a soft-spoken and bookish economist, but his dismissal of the Bank of Japan's (BOJ) stimulus policy as "monetary shamanism" is ringing loud in the ears of central bank governor Haruhiko Kuroda.

Mr Kuroda's policy of quantitative and qualitative easing (QQE) -