Kuroda calls for deeper understanding of expectations

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Bank of Japan governor Haruhiko Kuroda

The mechanism through which inflation expectations are formed is not fully understood and requires further analysis, argues Bank of Japan governor Haruhiko Kuroda.

Speaking at the Economic Club of Minnesota yesterday, Kuroda said a deeper understanding "will likely also be useful for designing appropriate monetary policy measures".

He also noted the results of a recent study by the Federal Reserve Bank of Boston, which found past inflation accounted for 40% of the variation in expectations of

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