Reuters - Video

EDITION: U.S. | U.K. | IN

Breakingviews

Reuters Breakingviews: Kuroda’s shock and awe policy

Thursday, Apr 04, 2013 - 03:35

April 4 - The new direction for the Bank of Japan represents a step towards the two-percent inflation target, says Reuters Breakingviews. But it’s by no means the final step.

▲ Hide Transcript

View Transcript

Sort of the breaking news take on this stuff shocker -- all from the bank of Japan's Kuroda -- -- had asked joins me in the studio. Not clear decisive action. It was forceful by Japanese standards. The markets like today initially or at least they reacted to that would initially which -- which is a good thing I guess. My my tape was too long -- a short yen. On the back of this a fifth of our right and Indians -- he'd been shorted quite a bit since then it's been falling. On the basis well what may prove to be exaggerated sense. To be coming if inflation. I'm you know and I think the important thing is what you said by Japanese standards and I -- he says as our piece this morning points out. -- it's still only half the aggression in terms of an increase in the size of money printing that the Fed used in the US after Lehman Brothers -- I'm indeed the goal of -- relative basis that's for Japan by the history after Pat's shot. Case indeed shock and off. Now there is to speak other problem which is of course we are they know it's gonna work. You can -- any number of -- -- Japanese government bonds and put all that money into the financial system. But will it be spent will actually put up prices. And if it doesn't. Will they get his 2% inflation target. And what else -- the Bank of Japan -- So this is a step but it by no means the last step. Next question Adam will get me to present patients are here -- if he does them. Yet -- have -- -- seems to be some some thinking out there that once Japan and it's 2% inflation all will be well. Japan as I've pointed out and peace is suffering from declining population or has declining population particularly very sharp decline in the number of young people. It's unlikely that it's gonna have very rapid growth. Or indeed much growth of any sort for years to come as population falls. I am insisting. Sorry notes if you like action -- a -- that's a big part of the story matters what we've talked about for many months now on this currency wars. Which again people of -- also in battle on the back of this and and -- peace. Picks up on this. The China Korea Taiwan Singapore. Time. Interestingly I just practice -- and who basically said look -- goes around comes around to these countries are China and Japan are pretty late in the game. This. He had been the one thing you know whether we'll help Japan or not it's hard to say if it does weaken the and that will -- Japanese exporters. But it does indeed increased attention. In in in the currency wars. And yes on Japan's relatively late like many countries have thought it could stand on principles and what the premarket to sign for awhile but now it's come around to. What is increasingly becoming conventional wisdom is that it's every man for himself for the country for itself and when it comes to trying to keep your currency level down are you impressed. I am I would say mildly impressed can believe -- elaborate I thought it would have some breaking views. I don't watch our US show comes on every day twelve birdies in seventeen that he BST. -- Mexico resources.

Reuters Breakingviews: Kuroda’s shock and awe policy

Thursday, Apr 04, 2013 - 03:35

Top News »

Investing 201 »

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Money Clip »

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

Dateline Asia »

Sterling jumps, on Scottish vote Sterling jumps, on Scottish vote

Thu, Sep 18, 2014 - (2:56)

Rare rock on the block in Hong Kong Rare rock on the block in Hong Kong

Thu, Sep 18, 2014 - (1:43)

Alibaba IPO is 'overhyped': Mark Mobius Alibaba IPO is 'overhyped': Mark Mobius

Thu, Sep 18, 2014 - (4:13)

China tech players chip away at Alibaba China tech players chip away at Alibaba

Wed, Sep 17, 2014 - (4:02)

Breakingviews: India hits Japan/China radar Breakingviews: India hits Japan/China radar

Tue, Sep 16, 2014 - (2:20)

Asia corporate sentiment is slipping Asia corporate sentiment is slipping

Tue, Sep 16, 2014 - (1:36)

Alibaba's China roadshow Alibaba's China roadshow

Mon, Sep 15, 2014 - (2:16)