Tokyo :Japan's government is likely to appoint Kazuo Ueda, an academic and a former member of the central bank's policy board, as the Bank of Japan's next governor, two government officials with knowledge of the matter told Reuters.The government will also nominate Ryozo Himino, former head of Japan's banking
Tokyo :Japan's government is likely to appoint Kazuo Ueda, an academic and a former member of the central bank's policy board, as the Bank of Japan's next governor, two government officials with knowledge of the matter told Reuters.
Investors have repeatedly tried to push up Japanese government bond yields in recent months on expectations the BOJ will start to phase out its massive stimulus programme when a new governor takes over after Haruhiko Kuroda's second term ends in April. The yen strengthened from around 131.55 yen per dollar to around 130.60 immediately after the Nikkei reported the appointments. It then extended its gains, with the dollar last down 1.2 per cent at 129.94.In an opinion piece that ran on the Nikkei in July last year, Ueda said warned the BOJ against prematurely raising interest rates just because inflation briefly exceeded 2 per cent.
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