Monday, November 30, 2015

WHATEVER

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Since ECB President Mario Draghi first sprung his "whatever it takes" meme on investors, it's become a household term and it's certainly not lost of other central bankers.

NAGOYA, Japan--Bank of Japan Gov. Haruhiko Kuroda said Monday that he won't simply sit and watch until domestic wage growth accelerates, reaffirming his stance to do "whatever it takes" to achieve 2% inflation as quickly as possible.

In his latest public appearance Mr. Kuroda tried to dispel perceptions that the BOJ may have relaxed its initial commitment to meet the price target at the "earliest possible time" because of stubbornly slow wage increases.

"Pushing up prices alone will be meaningless, so let's wait until wages increase--this is not the way I am thinking," Mr. Kuroda said at a news conference in Nagoya, central Japan. "If it is judged as difficult to achieve the 2% price stability target at the earliest possible time, we will do whatever it takes, including additional monetary easing." More:

marketwatch.com/story/bojs-kuroda-will-do-whatever-it-takes-2015-11-30? 

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