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MNI BOJ WATCH: Kuroda Entrusts Ueda With Achieving 2% Target

(MNI) Tokyo
(MNI) TOKYO

Kuroda said it was important the BOJ maintained easy policy as he handed the baton to incoming governor Kazuo Ueda.

Outgoing Bank of Japan Governor Haruhiko Kuroda said he entrusted incoming governor Kazuo Ueda with the achievement of the 2% price target, an outcome that eluded him in his decade-long stewardship of the bank.

“I have been known Mr. Ueda for a long-time ago and used to discuss various issues. Mr. Ueda will pay attention to the economy, prices and financial markets, and I hope Ueda will manage monetary policy in an appropriate manner” to achieve the 2% price target, Kuroda told reporters on Friday after his last policy meeting.

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Outgoing Bank of Japan Governor Haruhiko Kuroda said he entrusted incoming governor Kazuo Ueda with the achievement of the 2% price target, an outcome that eluded him in his decade-long stewardship of the bank.

“I have been known Mr. Ueda for a long-time ago and used to discuss various issues. Mr. Ueda will pay attention to the economy, prices and financial markets, and I hope Ueda will manage monetary policy in an appropriate manner” to achieve the 2% price target, Kuroda told reporters on Friday after his last policy meeting.

Keep reading...Show less