Forex News – Kuroda approved as new Bank of Japan governor
Posted on March 15, 2013 at 7:41 am GMTThe Bank of Japan has a new chief after the Japanese parliament approved the nomination of Haruhiko Kuroda, who has pledged to do whatever it takes to reflate the Japanese economy and bring inflation up to a 2 percent target. 68-year-old Kuroda is a strong proponent of bolder monetary easing in order to stimulate the sluggish Japanese economy. Deflation, which results in falling prices, discourages investment and spending by businesses and consumers, and makes debts more difficult to repay. Mr [..]