More on Kuroda
A lot of talk and articles on Kuroda and the yen depreciation. It seems this will be by far the main theme in Japanese markets for the week:
1) Nikkei on Kuroda:
2) Seeking Alpha version: "Kuroda is a supporter of aggressive monetary stimulus measures that Japanese Prime Minister Shinzo Abe advocates, making him an ideal candidate for the government. He also has an extensive international network in the financial world that, combined with his English proficiency, makes him a potentially suitable "ambassador" to deliver the Japanese monetary policy to the world. Apparently, the Japanese authorities expect that there will be much to explain over the next couple of months… As such, Mr. Kuroda's highly regarded diplomatic skills may play a crucial role in his candidacy. From Abe's point of view, he is definitely "the complete package".
3) Quartz on Kuroda: "Money printing fan"
4) New York Times says nothing new: "Mr. Abe argues that aggressive monetary easing could make all the difference for Japan, which has struggled to grow amid persistent deflation, the damaging across-the-board decline in prices that has eroded profits, incomes, investment and consumption for almost two decades."
5) Foreignpolicy.com: "Kuroda undoubtedly acquired diplomatic skills at ADB that will serve him well at the BOJ, which has been under fire for its inflationary moves. As the New York Times' account put it, "Mr. Kuroda’s global experience could help Tokyo navigate that foreign criticism." There is evidence that Abe saw Kuroda's global experience as a decisive advantage over rivals who had only worked domestically:"