Financial Times (March 3)
2013/ 03/ 05 by jd in Global News
Prime Minister Shinzo Abe has acted boldly by appointing Haruhiko Kuroda as the next governor of the Bank of Japan. “Mr Kuroda has been appointed to end Japan’s one and a half decades of deflation. The attempt to do so will shake Japan’s economy and, maybe, the world’s. This shift is necessary but risky. It is likely to be destabilising, at least in the short run. Mishandled, the upheaval could end in disaster. But disaster was coming. Gamble now or fail later – that was the choice.”
Tags: BOJ, Deflation, Economy, Japan, Shinzo Abe
