Haruhiko Kuroda and BOJ

Japan Society Monetary Economics: Hundreds of economists filed in to a May 16 symposium on BOJ policy at a Japan Society of Monetary Economics semiannual gathering in Tokyo, according to The Japan Times. Backers of Kuroda 2 percent inflation target squared off against advocates of monetary restraint, who say the BOJ bond purchases are delaying a crucial overhaul of public finances to deal with record debt. Haruhiko Kuroda and his allies are confronting increasingly vocal opposition from the opponents of reflation who once dominated the policy debate. The discussion was heated, Masahiko Takahashi, a professor at Yokohama National University who used to work at the central bank, said of the closed-door, two-hour session. Maintaining control of the public debate would help Kuroda avoid the kind of erosion of political support that affected his predecessor. It been two years since the BOJ started QQE and there growing interest in the BOJ monetary policy and its effects, he said, using the initials for Kuroda stimulus program. (news.financializer.com). As reported in the news.