Kuroda in the driving seat

After Haruhiko Kuroda, governor of the Bank of Japan, caused upheaval in April, the world's second-biggest bond market has settled down. Interest rates have sunk lower, decoupling from other developed markets, while the exchange rate between the yen and the US dollar is holding close to where policy makers want it. That is why the BoJ is likely to keep settings on hold after this week's policy meeting in Tokyo, says the FT's Ben McLannahan