Japan Government Nominates Kazuo Ueda to Lead Central Bank<\/p>\n
On Tuesday, the Japanese government nominated Kazuo Ueda, an economics professor and former Bank of Japan policy board member, to become the central bank’s next governor. This announcement follows media reports from last Friday that the government planned to nominate Ueda to succeed outgoing governor Haruhiko Kuroda. Ueda’s nomination comes as Japan’s economy has been struggling to gain momentum and inflation has failed to reach the BOJ’s 2% target.<\/p>\n
Furthermore, Ueda will have to shoulder the responsibility of wrapping up a decade of ultra-loose monetary policy that has failed to achieve its goal of igniting a stable cycle of economic and price growth. He will have to chart a pathway out of these policies without causing chaos and destruction, not just in Japan, but throughout global markets and economies.<\/p>\n
The Japanese government has also considered other candidates, such as Deputy Governor Masayoshi Amamiya and former Deputy Governor Hiroshi Nakaso, who have international experience and strong contacts with overseas central bankers. <\/p>\n
DATA: Data published on Tuesday showed that Japan’s GDP expanded by 0.2% in the fourth quarter of 2022, lower than the expected increase of 0.5%. This growth happened as capital expenditure shrank by 0.5%, while private consumption and external demand rose by 0.3% and 0.5%, respectively. <\/p>\n
The Japanese government has nominated Kazuo Ueda, an economics professor and former member of the Bank of Japan’s policy board, to be the next governor of the central bank. This surprise pick comes as the country’s economy has been struggling to gain momentum, with inflation failing to reach the Bank of Japan\u2019s 2% target. Ueda will have the difficult task of wrapping up a decade of ultra-loose monetary policy that has not achieved its goal of igniting a stable cycle of economic and price growth. He must do this without causing chaos and destruction, not just in Japan, but throughout global markets and economies.<\/p>\n
The government had also considered Deputy Governor Masayoshi Amamiya and former Deputy Governor Hiroshi Nakaso, both of whom have international experience and strong contacts with overseas central bankers. Data published on Tuesday showed that Japan’s GDP expanded by 0.2% in the fourth quarter of 2022, lower than the expected increase of 0.5%. This growth occurred as capital expenditure shrank by 0.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japan Government Nominates Kazuo Ueda to Lead Central Bank<\/p>\n
On Tuesday, the Japanese government nominated Kazuo Ueda, an economics professor and former Bank of Japan policy board member, to become the central bank’s next governor. This announcement follows media reports from last Friday that the government planned to nominate Ueda to succeed outgoing governor Haruhiko Kuroda. Ueda’s nomination comes as Japan’s economy has been struggling to gain momentum and inflation has failed to reach the BOJ’s 2% target.<\/p>\n
Furthermore, Ueda will have to shoulder the responsibility of wrapping up a decade of ultra-loose monetary policy that has failed to achieve its goal of igniting a stable cycle of economic and price growth. He will have to chart a pathway out of these policies without causing chaos and destruction, not just in Japan, but throughout global markets and economies.<\/p>\n
The Japanese government has also considered other candidates, such as Deputy Governor Masayoshi Amamiya and former Deputy Governor Hiroshi Nakaso, who have international experience and strong contacts with overseas central bankers. <\/p>\n
DATA: Data published on Tuesday showed that Japan’s GDP expanded by 0.2% in the fourth quarter of 2022, lower than the expected increase of 0.5%. This growth happened as capital expenditure shrank by 0.5%, while private consumption and external demand rose by 0.3% and 0.5%, respectively. <\/p>\n
The Japanese government has nominated Kazuo Ueda, an economics professor and former member of the Bank of Japan’s policy board, to be the next governor of the central bank. This surprise pick comes as the country’s economy has been struggling to gain momentum, with inflation failing to reach the Bank of Japan\u2019s 2% target. Ueda will have the difficult task of wrapping up a decade of ultra-loose monetary policy that has not achieved its goal of igniting a stable cycle of economic and price growth. He must do this without causing chaos and destruction, not just in Japan, but throughout global markets and economies.<\/p>\n
The government had also considered Deputy Governor Masayoshi Amamiya and former Deputy Governor Hiroshi Nakaso, both of whom have international experience and strong contacts with overseas central bankers. Data published on Tuesday showed that Japan’s GDP expanded by 0.2% in the fourth quarter of 2022, lower than the expected increase of 0.5%. This growth occurred as capital expenditure shrank by 0.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/740"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=740"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/740\/revisions"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}