Economics
Kuroda Stays the Course, Helping Abe Toward Record-Beating Run
- Central bank governor sticks to his monetary stimulus script
- Prime Minister Abe is expected to win party leadership vote
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Bank of Japan Governor Haruhiko Kuroda is pushing forward with massive monetary stimulus, set to drive the Abenomics era well into 2019 just as its architect prepares to extend his premiership.
A day before Shinzo Abe readies for victory in a party vote that could make him Japan’s longest-serving prime minister, the central bank on Wednesday kept its monetary policy unchanged and reaffirmed its commitment to reaching 2 percent inflation.