Haruhiko Kuroda and Bank of Japan

enthusiastic support: The third arrow of Abenomics — reforms to make the economy more productive — is barely a work in progress, but Abe got straight to work on the first two, fiscal expansion and monetary stimulus, with the enthusiastic support of a new governor at the Bank of Japan , Haruhiko Kuroda, according to Euro News. In the first year of the programme, the Nikkei index jumped nearly 60 percent, drawing in a net 15 trillion yen of foreign cash. Not any more. Enthusiasm for Kuroda bold stimulus, in particular, was strong, with each of his first two money-printing announcements prompting a 7 percent weekly surge. The market reaction is getting duller day by day. His decision last week to introduce negative interest rates was equally bold, and quite unexpected, but as Abe arrows have sailed wide of their target, investors have sat on their hands. (news.financializer.com). As reported in the news.