Kuroda Leaves Magical Thinking Behind

  • BOJ chief brought down to Earth after ‘Peter Pan’ speech
  • Kuroda, RBI ex-governor Raghuram Rajan speak at event in Tokyo
Paul Sheard, vice chairman at S&P Global, discusses Bank of Japan monetary policy.(Source: Bloomberg)
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The thing is, boys can’t fly. No matter how much they believe.

Bank of Japan Governor Haruhiko Kuroda didn’t mention that on Wednesday, when he spoke at an annual BOJ conference in Tokyo. But he’s been forced to acknowledge it, at least implicitly, since famously invoking Peter Pan in a speech at the same event three years ago.