Haruhiko Kuroda's Legacy

The Bank of Japan (BOJ) aimed for a 2% inflation target in 2013, collaborating with Prime Minister Shinzo Abe. The BOJ implemented quantitative easing and later introduced yield curve control to spur inflation. Despite efforts, the target was not met, but inflation rose above 0%. By 2022, the BOJ became a major stockholder, and yen weakening boosted inflation to 4%. In 2023, the BOJ widened the yield band, sparking investor speculation about policy changes. The future of 'Corona Nomics' remains uncertain as new leadership takes over.

What was the primary goal of the Bank of Japan's agreement with Prime Minister Shinzo Abe in 2013?

• To increase exports

• To achieve 2% inflation

• To stabilize the yen

• To reduce unemployment

What was the 'monetary bazooka' strategy introduced by the BOJ?

• A plan to increase taxes

• A strategy to cut government spending

• A bold approach involving quantitative and qualitative easing

• A policy to reduce interest rates to zero

What was the public reaction to the BOJ's decision to cut its key rate to -0.1% in 2016?

• It resulted in increased foreign investment

• It was widely praised

• It led to immediate and fierce backlash

• It was largely ignored

What innovative step did the BOJ take to control inflation in 2016?

• Increased interest rates

• Reduced government spending

• Introduced yield curve control

• Implemented a fixed exchange rate

By the end of 2022, what was the BOJ's key inflation metric?

• 1%

• 4%

• 2%

• 3%