Prime Minister Fumio Kishida’s administration on Tuesday nominated academic and economist Kazuo Ueda to be the new Bank of Japan governor, with global finance leaders and economists expected to be closely watching his appearance before a parliamentary hearing that could take place later this month.
The focus is on how Ueda will steer monetary policy going forward. But economists are divided on whether Ueda will take a dovish or hawkish approach.
If Ueda is confirmed, he will serve a five-year term following the departure of Kuroda, whose time in the post ends on April 8 after 10 years at the helm.