Japan to nominate Kazuo Ueda as next BoJ governor
Yen rises on surprise that Ueda is tipped to take up the top post
Japan’s government is set to appoint former Bank of Japan board member Kazuo Ueda as the central bank’s next governor, in a sudden switch away from the candidate thought to be the leading contender.
The government had initially approached BoJ deputy governor Masayoshi Amamiya as a possible successor to Haruhiko Kuroda, but Amamiya declined the position, Nikkei reported.
Ueda, 71, served on the BoJ’s policy board between April 1998 and April 2005. He was previously an economics professor at the
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