TOKYO : Prices of academic books written by the surprise pick for the Bank of Japan's new governor have shot up in recent days and the publisher of one of his volumes on monetary policy said it was considering new runs to meet demand.The news late on Friday that 71-year-old Kazuo Ueda is likely to helm th
TOKYO : Prices of academic books written by the surprise pick for the Bank of Japan's new governor have shot up in recent days and the publisher of one of his volumes on monetary policy said it was considering new runs to meet demand.
Ueda served on the central bank's board between 1998 and 2005 but has since been out of the limelight, working in academia and at think tanks - making it hard to assess his views on Japan's decade-long ultra-easy policy experiment. A copy of his 2005 book"The Fight Against Zero Interest Rates", which has a recommended retail price of 1,700 yen , was listed as having sold at 29,800 yen on e-commerce platform Mercari on Monday.The book's publisher, Nikkei BP, told Reuters it was considering plans to reprint as well as to make the text available as an e-book. Only 8,500 copies were printed in the previous run and had all sold out, the publisher said.
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