As reflation deadline nears, BOJ faces prospect of failure
If the target isn't hit, it may split the board, undermine the bank chief's authority
Fri, Oct 31, 2014 - 5:50 AM
Mr Kuroda is optimistic even as the economy flirts with recession and falling oil prices threaten to pull inflation below one per cent
WITH just five months left before Bank of Japan (BOJ) governor Haruhiko Kuroda's self-imposed deadline for banishing deflation, the central bank is preparing for failure, and the first casualty could be its facade of board unity.