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

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

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.

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