Can new BoJ governor Ueda maintain his neutral position?
On February 14, the Japanese government officially proposed to the Diet its plan to nominate Kazuo Ueda, a well-established expert on monetary policy and a former Bank of Japan board member, as the next BoJ governor from early April this year. His view is basically dovish, but he emphasised in last July the need to formulate an exit policy and also make a comprehensive review of the longer-than-expected massive monetary easing.
Thus, his current position is viewed as neutral, helping him to
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