Loose fiscal policy could disrupt ‘well-balanced’ economy, ex-central bank chief warns
As governor of the Bank of Japan, Kuroda introduced unconventional monetary easing to fight deflationary trends in Japan. (Photo by Kotaro Igarashi)
TOKYO — Since the 1985 Plaza Accord, when the U.S., Japan and major European countries jointly moved to address exchange rates, Japan’s currency and economic policies have consistently been influenced by the U.S.