If Mr. Kuroda was serious about pre-empting the risks that slumping oil prices will pose to consumer inflation, maybe he should stop devaluing the currency.
I'm no economic wizzo but if you persist in devaluing your currency, thus strengthen the dollar, in which oil is priced, voila ...
One may achieve precisely what you set out to avoid.
I'm no economic wizzo but if you persist in devaluing your currency, thus strengthen the dollar, in which oil is priced, voila ...
One may achieve precisely what you set out to avoid.