Bank of Japan

I met People's Bank of China Gov. Zhou Xiaochuan, left, and Bank of Korea Gov. Lee Ju-yeol, right, during their visit to Japan in October 2016.
Haruhiko Kuroda

Negative interest rates: Haruhiko Kuroda (24)

Decision barely passes at BOJ's monetary policy meeting by a thin 5-4 majority

1 February 2024
Bank of Japan Gov. Kazuo Ueda, center, and the rest of the policy board met on Jan. 23.
Bank of Japan

When will BOJ end negative rates? Policymakers eye March or April

Minutes from January meeting show more optimism going into Japan wage hike season

1 February 2024
I explained the Bank of Japan's quantitative and qualitative easing policy at a news conference in April 2013.
Haruhiko Kuroda

The introduction of QQE: Haruhiko Kuroda (23)

Kuroda takes over at the BOJ and embarks on unprecedented monetary easing

31 January 2024
The Bank of Japan has cut back on bond purchases as interest rates stabilize below its 1% reference point.
Bank of Japan

Bank of Japan sets stage for normalization with 3rd stealth taper

Bond purchases fall to lowest in almost 2 years as yield curve control eases

31 January 2024
With ADB Vice President Bindu Lohani, fourth from left, and other ADB colleagues. I am the third from left.
Haruhiko Kuroda

The Global Financial Crisis: Haruhiko Kuroda (22)

Kuroda heads to Europe, U.S. to gain support for ADB's 200% capital increase

30 January 2024
I attended a news conference at ADB's annual meeting in Madrid in May 2008.
Haruhiko Kuroda

Strategy 2020 at the ADB: Haruhiko Kuroda (21)

Kuroda makes major changes to the bank's long-term strategy

29 January 2024
As president of the Asian Development Bank I attended an aid policy forum in Paris in March 2005.
Haruhiko Kuroda

Leading the Asian Development Bank: Haruhiko Kuroda (20)

Kuroda becomes the bank's president and promotes regional economic integration

26 January 2024
I held a seminar at Princeton University in the U.S. as a professor at Hitotsubashi University in 2003.
Haruhiko Kuroda

The Koizumi premiership: Haruhiko Kuroda (19)

After decades at the Finance Ministry, Kuroda becomes an adviser to the prime minister

25 January 2024
Spring wage negotiations have started, with policymakers and union leaders hoping wage increases continue this year. (Photo by Nanami Sato) 
Economy

Japan wage talks start amid hopes for return to 'virtuous cycle'

Big companies vow major hikes, but small businesses are hesitant

24 January 2024
Bank of Japan Gov. Masaru Hayami, right, and I attend a meeting at the International Monetary Fund headquarters in Washington in September 2002.
Haruhiko Kuroda

The beginning of deflation: Haruhiko Kuroda (18)

Kuroda believed BOJ's lifting of zero interest policy in 2000 was a mistake

24 January 2024
Bank of Japan Gov. Kazuo Ueda fields questions in Tokyo on Jan. 23. (Photo by Sae Kamae)
Bank of Japan

BOJ chief vows to limit disruption after raising policy shift hopes

Ueda notes increasing likelihood of reaching stable 2% inflation

23 January 2024
Finance Minister Kiichi Miyazawa, right, and I meet with Indonesian counterparts during the Asia-Europe Meeting (ASEM) Finance Ministers' Meeting in Kobe in January 2001.
Haruhiko Kuroda

The Chiang Mai Initiative: Haruhiko Kuroda (17)

Kuroda begins working at top international post in Japan's Finance Ministry

23 January 2024
The Asian Financial Crisis happened in the same month as I became director-general of the International Finance Bureau of the Finance Ministry. This photo was taken in the director-general's office.
Haruhiko Kuroda

The Asian Financial Crisis: Haruhiko Kuroda (16)

Kuroda works to contain the 1997 crisis, proposing 'Asian Monetary Fund'

22 January 2024
Uzbekistan Prime Minister Utkur Sultanov, left, meets with his Japanese counterpart, Ryutaro Hashimoto, during a meeting in Tokyo in January 1998.
Haruhiko Kuroda

Policy discussions with foreign authorities: Haruhiko Kuroda (15)

Kuroda visits Uzbekistan, Vietnam and elsewhere as Finance Ministry's research chief

19 January 2024
People celebrate the reunification of the two Germanys in Berlin on Oct. 3, 1990. In the aftermath, Japan-bashing by the U.S. intensified.
Haruhiko Kuroda

The end of the Cold War: Haruhiko Kuroda (14)

Kuroda is on hand to see the start of German unification and the fall of the Soviet Union

18 January 2024
Finance Minister Tatsuo Murayama, pictured here at left in February 1989, was concerned about the expansion of the bubble economy.
Haruhiko Kuroda

The collapse of the bubble: Haruhiko Kuroda (13)

Kuroda looks back on the sharp downturn in asset values in Japan

17 January 2024
Bank of Japan Gov. Kazuo Ueda, left, with Fumio Kishida in April 2023: The prime minister bears the onus of implementing structural reform. (Pool via Reuters)
Opinion

Productivity is missing link in BOJ's policy normalization plan

Onus is on Japan PM Kishida to get busy with structural reform

17 January 2024
With colleagues at the international organizations division of the Ministry of Finance in January 1988: I am in the front row, second from the left.
Haruhiko Kuroda

Butting heads with the U.S.: Haruhiko Kuroda (12)

Kuroda handles international issues after returning to Finance Ministry

16 January 2024
Mie Prefecture days: My posting taught me about the interesting and difficult challenges of local government. In this photo, I spoke at a firefighting event in Mie.
Haruhiko Kuroda

Working in Mie prefecture: Haruhiko Kuroda (11)

Kuroda takes on local issues in management role in regional post

15 January 2024
Prime Minister Masayoshi Ohira answers parliamentary questions on a general consumption tax in March 1979.
Haruhiko Kuroda

The failure of the general consumption tax: Haruhiko Kuroda (10)

Now at Tax Bureau, Kuroda learns difficulty of implementing tax reforms

12 January 2024
During my time with the IMF: Then-Bank of Japan Gov. Teiichiro Morinaga, center, was on a visit to the U.S. I am second from the left.
Haruhiko Kuroda

The first oil crisis: Haruhiko Kuroda (9)

Coping with the first oil crisis and a move to Washington

11 January 2024
In my fifth year at the Ministry of Finance, I proposed that Japan shift to a floating exchange rate system in the ministry's public relations magazine.
Haruhiko Kuroda

Collapse of the fixed-exchange rate system: Haruhiko Kuroda (8)

Back at the Finance Ministry, Kuroda works to cope with 1971 Nixon Shock

10 January 2024
My Oxford University days: I learned a lot from professor emeritus John Hicks' financial theory.
Haruhiko Kuroda

Study in the U.K.: Haruhiko Kuroda (7)

Future central bank chief meets luminaries of economics while studying abroad

9 January 2024
The BOJ's policy of propping up stock prices with ETF purchases is unusual for a major central bank. (Photo by Nanami Sato)
Bank of Japan

BOJ turned 'net seller' of stocks in 2023

A first since central bank started buying ETFs more than a decade ago

9 January 2024
Demonstrators at the University of Tokyo in June 1968: Universities in Japan and around the world were rocked by protests in the 1960s.
Haruhiko Kuroda

Early years at the Ministry of Finance: Haruhiko Kuroda (6)

Kuroda joins Finance Ministry as Japan is rocked by social change

8 January 2024