Negative Interest Rates No More: Bank of Japan Ends Decade of Covering for Kuroda Bazooka’s Misfires

Bank of Japan Governor Kuroda Haruhiko, at left, appears before the House of Representatives Budget Committee on April 2, 2013, to declare that the bank will implement bold monetary measures to pull Japan out of a deflationary spiral. (© Reuters)

Bank of Japan Governor Ueda Kazuo. (© Reuters)