ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Currencies

The Fed and the Bank of Japan are even further apart after Jackson Hole

With big U.S. rate hike expected in September, pressure on Kuroda set to rise

BOJ Gov. Haruhiko Kuroda, left, stressed at Jackson Hole that Japan must continue its easing policy, while U.S. Fed Chair Jerome Powell called for fighting inflation "until the job is done." (Nikkei montage/Photos by Reuters, iStock)

TOKYO -- As central bankers mingled in the mountain air at the Jackson Hole symposium last month, Japan's mask-wearing Haruhiko Kuroda looked every bit the symbol of his country's rigid monetary policy.

The Bank of Japan governor stressed during his remarks at the gathering in Wyoming that Tokyo needs to maintain an easy-money stance, blaming Japan's inflation on higher commodity costs, not low interest rates.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more