BoJ looks set to cut its inflation forecast – again

Haruhiko Kuroda
With inflation still far from target, governor Haruhiko Kuroda's options are narrowing
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In January 2013, the Bank of Japan, led by then governor Masaaki Shirakawa, introduced its 2% price stability target. In April 2013, under current governor Haruhiko Kuroda, the BoJ adopted massive and various monetary easing tools to achieve the target – so-called Quantitative and Qualitative Monetary Easing (QQE). This was expanded in October 2014, and supplemented with a negative interest rate in January 2016 and yield curve control in September 2016.

Raising inflation to achieve the 2%

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