Bank of Japan Governor Haruhiko Kuroda at a post rate-decision press conference in Tokyo on September 21, 2016. Photo: AFP
Mohamed El-Erian
Opinion

Opinion

Macroscope by Mohamed El-Erian

The BOJ experiments at the wrong time

The Bank of Japan has entered a new phase that amounts to using instruments of direct monetary control, thereby violating the policy recommendations that advanced countries have repeatedly made to emerging economies

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Bank of Japan Governor Haruhiko Kuroda at a post rate-decision press conference in Tokyo on September 21, 2016. Photo: AFP
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