Outgoing Bank of Japan governor Haruhiko Kuroda (C) had both a strong network in Japan and an international profile. Since he took charge, the central bank's assets have quadrupled, surpassing GDP in a first for a Group of Seven nation. As BoJ chief, Kuroda vowed to do "everything possible" to reverse Japan's "lost decades", setting an optimistic timeframe of two years to hit the two-percent target. Photo: JIJI PRESS / JIJI PRESS/AFP/FileSource: AFPBut its huge "quantitative and qualitative monetary easing" scheme failed to boost growth or inflation, prompting the central bank to take more drastic measures. The change -- a rare shift of gears for the dovish central bank -- saw the yen strengthen rapidly against the dollar.

Source: Daily Nation February 14, 2023 02:38 UTC