Ex-BOJ chief Kuroda receives job offer from university in Tokyo

The man couldn't run a bath let alone lecture on the benefits of his BOJ ineptitude

This kind of appointment is always infuriating for existing academic staff. They spend years building research records and teaching portfolios, and meeting every irrational demand of the administration. All for peanuts in pay. Then someone with no research record, no teaching experience, limited qualifications - and almost certainly no technical knowledge or capability - is parachuted in above them for some cheap publicity.

Ex-BOJ chief Kuroda receives job offer from university in Tokyo.

Janitor?

I thought that universities don't employ people who have reached a certain age.

@Gareth Myles: 'Limited Qualifications' Apart from being a lawyer, and having worked at the MOF since the 1970's? Also President of the ADB for a while. No technical knowledge? Ok mate - Whatever you say.

GRIPS? I’ve never heard of it before. Perhaps not much of an academic institution.

This kind of appointment is always infuriating for existing academic staff. They spend years building research records and teaching portfolios, and meeting every irrational demand of the administration. All for peanuts in pay. Then someone with no research record, no teaching experience, limited qualifications - and almost certainly no technical knowledge or capability - is parachuted in above them for some cheap publicity.

If I were a student, I'd rather learn from someone with real-world experience and the skills acquired therein ... than from someone with "research records" and "teaching portfolios."

Mr. Kuroda has tons of experience in the real world -- in both the private and public sectors -- that far outweighs anything offered by someone who's spent all or most of their adult life in the academic ivory tower.

The old boys have a hard time letting go of the through, don't they.

Mr. Kuroda has no experience, has done nothing.

Has accomplish nothing.

Not a change in his 10 years on the BOJ.

You could as well put a potato sack there and get the same outcome.

It takes a Japanese university to think this is a good PR move, but I guess Japanese in general will just look at the name and title. What will he teach them? how to be able to keep a top job without doing anything of value?

Good luck to the young fella!

Former Bank of Japan (BOJ) Governor Haruhiko Kuroda is rewarded for failure.

Failure to reform or restructure, persuade the Government to implement a economic policy that faced the challenges ahead of continuing depopulation, of failure to address sovereign debt requirement/lability.

Failure to address food price inflation now 7.5%.

Tellingly Haruhiko Kuroda successor is determined to push without a clear understanding of/to the consequences such action the very identical policies, that will ultimately compound the economically fiscal malaise further.

Worst still Haruhiko Kuroda is afforded a paid position the influence.

Ouch !!

To paraphrase CM Burns, "He's new, but he's good!"

@Based: Spot on. I'd rather learn from someone who has been involved in real world decision making, rather than some bearded left wing anti establishment 'Professor' who still thinks Economics are based on what happened post war up until 2008.

People have short memories. He pulled Japan out of deflation, helped avoid a recession in the depths of the pandemic, and managed to keep interest rates and inflation lower than other economies.

The posters here seem to think that really high interest rates and high inflation are good things.

Well said @JeffLee. Bit of perspective and a little fundamental understanding required.

The comments here show the political leanings of the majority of posters here.

Abenomics failed

He could work in the student cafeteria and gain first hand knowledge of what he and his cohorts policies have led to.

Yeah. I was booted from three universities for the crime of reaching 70. Yet GRIPS hires this 78-year old with no teaching experience. Happily for me, I have found another university that benefits from having older instructors with all their rich experience and love of teaching. I do not understand why Kuroda is interested in this job. Hasn't he made enough money to retire to a life of golf and "consulting"?

The golden parachutes are opening….

The posters here seem to think that really high interest rates and high inflation are good things.

well, Kuroda himself wanted high inflation.

I think most people want genuine price stability, not instability (2% increase) labeled as stability.

So now not only is there no interest on yen savings, there is an inflation tax imposed on savings too.

Kuroda printed a tonne of yen, abetting increased government spending. Kuroda himself said in his earlier days that the government had to play its part of the accord too. But it didn’t, and Kuroda stopped saying what needed to be said.

Now then, where will Kuroda’s new wage be paid from?

Failed economy.

Did nothing.

Sinking even more the ship by taking a job from the youth, and a lot of money for sure.

A university can be a powerhouse of cutting edge research and inspirational teaching or a retirement home for well connected politicians and administrators.

He and Shinzo Abe have destroyed Japan permanently.

This is why Japan's economy will never recover, because he will be teaching his incompetence to the new generation of economists.

Maybe Kuroda will teach his students how the economy has failed?

How has the bank of Japan and its massive money supply enlargement benefitted the average person in Japan?

Everything is more expensive but wages are not rising

It is more expensive to do just about anything in 2023 than it has been for decades

Food prices have shot up causing the less well off Japanese to skip meals or adopt less healthy food

All fx forecasts have pointed to a weaker yen going forward yet manufacturing has been hollowed out with those jobs gone abroad

Where is that benefit then?

Sure, Kuroda is not a politician but to say that he has been a successful governor is a big ask…

My interest rate for his classes are in the negatives.

The art of .. being Japanese.

Perhaps his new book as a Professor ?