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The Bank of Japan hosts the annual international central banking conference where Kuroda made his remarks.
BOJ Watch

Deflation a tougher foe than Japan's central banker imagined

Kuroda retreats from 'Peter Pan' confidence in power of loose money

TATSUYA GOTO, Nikkei staff writer | Japan

TOKYO -- Bank of Japan Gov. Haruhiko Kuroda continues to signal a newfound acceptance that deflation is a tougher adversary than he thought.

When Kuroda spoke Wednesday before an international gathering hosted by the BOJ of central bankers, his confidence from bygone days was conspicuously muted, giving way to a sober reading of the financial landscape.

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