Self-awareness isn’t often a strong suit among top Bank of Japan officials.
Take Haruhiko Kuroda, arguably the most globally known governor the BOJ has had in its 143-year history. His notoriety stems from a 2013-2023 campaign to end deflation, one that supersized the BOJ’s balance sheet to twice the size of Japan’s US$4.7 trillion economy.
The resulting plunge in the yen propped up Japan Inc. But now it risks running afoul of the Donald Trump 2.0 presidency in ways complicating Tokyo’s 2025. Already, Trump is sending rhetorical shots Japan’s way.
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