TOKYO : The Bank of Japan's expected next governor Kazuo Ueda likely won't rush to overhaul ultra-loose policy and will instead let economic data guide the exit timing, said Tetsuya Inoue, who was Ueda's staff secretary when he was a central bank board member.Markets are closely watching for hints on the
TOKYO : The Bank of Japan's expected next governor Kazuo Ueda likely won't rush to overhaul ultra-loose policy and will instead let economic data guide the exit timing, said Tetsuya Inoue, who was Ueda's staff secretary when he was a central bank board member.
Inoue, a senior researcher at Nomura Research Institute who knows Ueda from his time as his staff secretary from 2000 to 2003, said he does not belong to any economic camp that could be explicitly described as dovish or a hawkish. In contrast to Kuroda, who deployed massive stimulus shortly after becoming governor in 2013, Ueda likely won't rush into overhauling policy as he will have time to gauge whether inflation and wages will keep rising, Inoue said.
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