Kazuo Ueda

Successor to Haruhiko Kuroda at Bank of Japan set to oversee pivot from ultra-loose monetary policy.

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The government is likely to appoint academic Kazuo Ueda, a former member of the BOJ's policy board, as the bank's next governor, a choice seen by markets as ...

Ueda served on the BOJ's board from 1998 to 2005. "None of the three governor/deputy governors appear to have the (dovish) reflationist idea. He voted against raising interest rates to 0.25 percent from zero in August 2000, arguing that the bank could wait a while longer given limited inflation. "Ueda is well-versed in interest rates. Register for free to Reuters and know the full story Ueda, a former member of the BOJ's policy board and an academic at Kyoritsu Women's University, is considered an expert on monetary policy and played a key role in battling the initial phase of Japan's deflation with the introduction of huge amounts of asset purchases and forward guidance for financial markets.

The government will also nominate Ryozo Himino, former head of Japan's banking watchdog, and BOJ executive Shinichi Uchida as deputy governors, the Nikkei said.

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 ...

"What I would imagine, is that because he has been on board of the Bank of Japan, that he is relatively dovish, because just about everyone that's been on the board of the Bank of Japan has been dovish for a long time. I have been of the view for a while that probably - whoever takes over as the governor - there may not be any huge initial change in so far as everyone is trying to nurture inflation into place, everyone is waiting for the spring wage talks and the initial indications are a little bit positive, but perhaps not enough for a huge turnaround." So with him gone, the reaction we are seeing is probably one of relief that the current weak-JPY policy may be coming to an end." "This is unexpected as the market was expecing (Masayoshi) Amamiya to be nominated. "However, the apparent choice for Governor now - Ueda - is somewhat of a wild card for the markets. "It's quite a surprise in terms of the way that the candidates have have lined up. "This was quite a surprise, he wasn't coming up in the predictions at all. That removes one of the headwinds for the yen." "None of the three governor/deputy governors appear to have the (dovish) reflationist idea. "The issue will be how to take the first step toward policy normalization. "In August, he also questioned whether the Fed was a bit late in raising rates. "Basically, whoever becomes next BOJ governor, it is not the situation in which the current monetary easing stance to be changed sooner.

Local wires reported that Prime Minister Fumio Kishida has picked Kazuo Ueda as the next BoJ governor. He is a professor and a former BoJ board member ...

Therefore, we believe that the market will soon pay attention to incoming data - wage growth and inflation. Local media also reported that Amamiya refused to take the post. We believe that the initial market moves - yen and rates up and stocks down - could prove to be temporary.

Kishida's reported pick to lead the central bank wasn't on many shortlists. For all that, Ueda may not be a total shock to the system.

Uchida, known as one of the key architects of many of Kuroda’s greatest policy hits, was unusually reappointed for a second term as executive director in charge of monetary policy last year. That step by the bank was opposed by the government, and quickly turned into a fiasco. The comparisons do have a shelf life, however: Bernanke served as a member of the board of governors before being elevated to a prominent White House job as head of the Council of Economic Advisers, when he was nominated by George W. Like the previous two Federal Reserve chairs, Ben Bernanke and Janet Yellen, he brings a predominantly academic background to the job. The good news is that Kazuo Ueda, the surprise pick to run the Bank of Japan, was on the right side of history at one critical juncture in the country’s economic policymaking — two decades ago when a majority of officials cast an ill-fated vote to lift interest rates. Educated at the Massachusetts Institute of Technology, he has most recently been teaching at Kyoritsu Women’s University in Tokyo.

Japan's government is likely to appoint Kazuo Ueda, an academic and a former member of the Bank of Japan's policy board, as the next central bank governor, ...

Ueda remains something of an unknown quantity for many in the markets, economists and analysts said. From that perspective, I think the current BOJ policy is appropriate, and anyway, monetary easing must carry on given the current state." "Ueda is actually an academic economist. An academic by training, Ueda studied mathematics at the elite University of Tokyo before receiving his Ph.D. He is an external director at JGC Holdings Corp He was not even considered a dark-horse candidate.

(Bloomberg) -- “Who is Kazuo Ueda?”Most Read from BloombergRussia Blames US for Nord Stream Blasts, Threatens ConsequencesCommodity Trader Trafigura Faces ...

'Who Is Kazuo Ueda?' Ringing Out Across Global Trading Floors. Investors rush to figure out who potential BOJ nominee is. Markets had been preparing for Amamiya ...

The government had initially approached BoJ deputy governor Masayoshi Amamiya as a possible successor to Haruhiko Kuroda, but Amamiya declined the position, ...

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TOKYO -- The Japanese government plans to nominate Kazuo Ueda, an economist and former member of the Bank of Japan's policy board, as the central.