Haruhiko Kuroda: Public policy study and monetary policy management Speech by Mr Haruhiko Kuroda, Governor of the Bank of Japan, at the Graduate School of Public Policy, the University of Tokyo, Tokyo, 7 December 2013.
Search for yield [Slide 9] Let me first consider search for yield and the consequent excessive risk-taking, which low rates might spur. One cannot help a feeling of déjà vu: search for yield was part of our concerns, and rightly so, already before the Global Financial Crisis. How is the situation different now?