Haruhiko Kuroda, the governor of the Bank of Japan (BoJ), has highlighted "increasing attention" on the possibility of introducing capital controls as a means of resisting volatile capital flows.

At a conference today held by the BoJ's Institute for Monetary and Economic Studies, Kuroda said it was now recognised that one way in which financial crises are transmitted is through a "global upsurge" in cross-border capital flows. He noted that the International Monetary Fund recently changed its