Category: Ueda

BOJ’s New Chief Keeps Ultra-Low Rates, Embarks on Policy Review

April 28, 2023
Asia & PacificbojBusiness & Marketseconomic policieseconomyinflationJapanMarketsPolicyrecessionUedaWorld
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TOKYO—The Bank of Japan (BOJ) kept ultra-low interest rates on Friday but announced a plan to review its past monetary policy moves, laying the groundwork for new Governor Kazuo Ueda to gradually phase out his predecessor’s massive stimulus programme. While maintaining its commitment to “patiently” keep policy accommodative, the central bank removed a pledge from…

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Japan Names Academic Ueda as Next Central Bank Governor

February 14, 2023
Asia & PacificbankBusiness & MarketsCompanieseconomic policieseconomygovernorinflationJapanMarketsUedaWorld
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TOKYO—Japan’s government named academic Kazuo Ueda as its pick to become next central bank governor, a surprise choice that could heighten the chance of an end to its unpopular yield control policy. Ueda, a 71-year-old former Bank of Japan (BOJ) policy board member, will succeed incumbent Haruhiko Kuroda, whose second, five-year term ends on April…

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