Kuroda named Central Banker of the Year

BRITISH financial magazine The Banker's decision last week to name Bank of Japan (BOJ) governor Haruhiko Kuroda as "Central Banker of the Year" marks what some see as a rightful recognition of the achievements of an unsung hero of Japan's Abenomics revolution.

Mr Kuroda, who stepped into the role of BOJ governor last March, has managed in the space of nine months to turn around 15 years of deflation in Japan through aggressive monetary policy and sent Tokyo stock prices soaring while the yen has dropped to levels where Japan is internationally competitive again.

"With his statesmanship (Mr Kuroda) was able to pull such a bold move off in a way that restored credibility to the Bank of Japan and inspired confidence in Japan's economy," the monthly magazine, which is part of the Financial Times group, said.