Governor Kuroda: The Decade’s Most Consequential Central Banker
Forward Guidance
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Kuroda Nautics
Kuroda heads off to another governor but as I said it doesn't matter if it's Kuroda himself or someone else occupying the seat. Japan is spending one quarter of its budget currently on servicing interest on its debt interest that is at rock bottom levels a quarter of its debt and the debt that burden is only gonna grow. The policy now runs a show and not the policy makers okay over the long run yeah in the short term they could try to do something but they're gonna have to come back to it right because they're gonna create so much market turmoil.
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