Haruhiko Kuroda, Governor of Bank of Japan, denounced Morden Economic Philosophy

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Bank of Japan Governor Haruhiko Kuroda on July 19 denounced an economic philosophy that encourages the use of government spending as a primary policy tool to boost employment.

Speaking on a panel at an academic conference in New York, Kuroda said he disagrees with Modern Monetary Theory (MMT).

He did not discuss his economic or monetary policy outlook directly.