Bank Of Japan Has Poor Communication Skills

The Bank of Japan is being accused of having poor communication skills.

That can be said of most of Japanese…at least from a western perspective.

BOJ board members are accused of having led market participants into believing that a rate increase was forthcoming.

However, in the end…it didn't materialize.

One board member is quoted as having said "a small surpise is unavoidable."

Let's see if they a rate was not expected and it came…everyone would be surprised.

If a rate was expected and it did NOT come…everyone would be surprised.

Where's the miscommunication? It sounds like typical we-don't-know-what's-going-to-happen double speak to me.

In the end…economists don't know what is going to happen. BOJ officials didn't likely know either until their wives told them what they could do.

What do  you think?