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BOJ chief banks on Japan's turnaround

He believes the central bank's monetary policy can make it happen, although sustained price rises haven't quite happened yet, and the soft oil prices haven't helped.
Friday, May 8, 2015 - 05:50
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'I think it is monetary factors which determine the rate of inflation. I freely admit that in the short run, various factors can affect the inflation rate . . . but in the long run, (it) is determined by monetary factors.' - Mr Kuroda

Baku, Azerbaijan

DOUBT, it would seem, is not something which enters the mind of Bank of Japan (BOJ) governor Haruhiko Kuroda when he defends his two-year stewardship of the Japanese central bank.

Even in the face of growing market scepticism over the effectiveness of the BOJ's