Monetary easing appropriate for now, says new BoJ governor
Academic Kazuo Ueda takes over from dovish Haruhiko Kuroda
The new Bank of Japan governor, Kazuo Ueda, signalled no drastic changes in the BoJ’s ultra-low monetary policy, as he took over the reins at the central bank on April 9.
The 71-year-old Ueda, a former BoJ board member and veteran economist, succeeded Haruhiko Kuroda on April 9.
During his 10-year leadership at the BoJ, Kuroda presided over an aggressive monetary stimulus programme aimed at achieving 2% inflation and spurring Japan’s stagnant economic growth.
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