Bank of Japan Governor Haruhiko Kuroda pays a visit to Washington - Axios

As the Fed approaches a likely rate cut at the end of the month — in the face of 50-year low unemployment, rising wages and strong consumer spending — it could not have been a better time for a visit to Washington from Bank of Japan Governor Haruhiko Kuroda.

What it means: Kuroda has instituted some of the world’s most extreme and unorthodox monetary policies, including directing the central bank to buy Japanese stocks. More analysts are starting to believe such policies will be adopted in other places, including the U.S.

Catch up quick:

"We live in a time where the book on monetary policy continues to be rewritten ... just about every day," IMF acting managing director David Lipton said. "Of course, all serious monetary policy students will have read the book on Japan."

What's next: “If the ECB is really going to try to restimulate the economy in Europe, they are going to have to buy equities,” BlackRock CEO Larry Fink said on CNBC Friday.

The last word: Asked whether it would be a good idea for other central banks to follow his lead, Kuroda said that in light of the current economic environment, "that might be the case."

Go deeper: The global economy's road to "Japanization"

https://www.axios.com/bank-of-japan-governor-haruhiko-kuroda-washington-5511ad51-ecf7-4edf-ba21-42edc2eea3c7.html