Wood lambasts policies of BOJ governor Kuroda

Bank of Japan governor Haruhiko Kuroda has set the wrong inflation target and is impoverishing households with quantitative easing (QE), yet will likely extend these policies further, fears CLSA global equity strategist Chris Wood. Speaking at a media lunch in Hong Kong this week, Wood pointed out that deteriorating data in East Asia, particularly China, had policymakers in Tokyo worried and would likely be the trigger point further QE. Part of the problem is that Kuroda has set…