{"id":64199,"date":"2014-11-25T02:42:45","date_gmt":"2014-11-25T07:42:45","guid":{"rendered":"http:\/\/countingpips.com\/?p=64199"},"modified":"2014-11-25T07:05:36","modified_gmt":"2014-11-25T12:05:36","slug":"kuroda-commits-to-boj-2-target-rate","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/11\/kuroda-commits-to-boj-2-target-rate\/","title":{"rendered":"Kuroda commits to BoJ 2% target rate"},"content":{"rendered":"<div id=\"inves-459712977\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 25, 2014<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The yen rebounded after a speech by Bank of Japan Governor Haruhiko Kuroda, and the cost of insuring Japanese debt against default fell the most in two weeks.<\/p>\n<p>Earlier in the day, the central bank released the summary of its Oct. 31 policy board meeting, where the proposal to implement additional easing measures passed by a thin 5-4 vote.<\/p>\n<p>The minutes showed a sharp divide between Mr. Kuroda and some other board members over the effects of the new steps. Some members warned that the cost of the measures outweigh their benefits and questioned Mr. Kuroda\u2019s fundamental strategy to boost inflation expectations through the expanded easing.<\/p>\n<p>But Mr. Kuroda said the BOJ\u2019s commitment to its price target is one of the \u201ctwo engines\u201d that influence such expectations. The other is the actual inflation rate, which is now around 1%.<\/p>\n<p>\u201cTherefore, the bank has considered it necessary to pursue monetary easing (more aggressively)\u2026as well as to reiterate its unwavering resolution\u201d to achieve its 2% price target, Mr. Kuroda said.<\/p><div id=\"inves-1436959576\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>The yen gained against all 16 major peers by 3:48 p.m. in Tokyo, The yen climbed 0.4 percent to 117.85 per greenback today. The currency weakened against 12 of its 16 major counterparts yesterday, falling 0.4 percent. It hit a seven-year low of 118.98 to the dollar on Nov. 20.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The yen rebounded after a speech by Bank of Japan Governor Haruhiko Kuroda, and the cost of insuring Japanese debt against default fell the most in two weeks. Earlier in the day, the central bank released the summary of its Oct. 31 policy board meeting, where the proposal to implement additional easing [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-64199","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/64199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=64199"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/64199\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=64199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=64199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=64199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}