Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: Japan's Govt Nominates Ueda For BOJ Governor

(MNI) Tokyo

Japan's government on Tuesday officially nominated Kazuo Ueda, an economist and former Bank of Japan board member, as the BOJ’s next governor to replace Haruhiko Kuroda, whose term ends on April 8, Nikkei reported.

Ueda will be the first postwar BOJ governor from an academic economics backgrounds. The choice came after BOJ Deputy Governor Masayoshi Amamiya, who was considered the favorite, declined the offer. Governor-elect Ueda is viewed as being supportive of ultra-low rates. (See MNI POLICY: Ueda Supports BOJ's Easy Policy, Could Tweak YCC)

The government also nominated Shinichi Uchida, the BOJ executive director in charge of monetary policy, and Ryozo Himino, former chief of the Financial Services Agency, to deputy governors. The term of BOJ Deputy Governors Amamiya and Masazumi Wakatabe ends on March 19.

The government will conduct hearings for the BOJ nominees at the Lower House’s steering committee and the Upper House’s Steering committee. The nominees will be approved by both the Lower and Upper houses as the ruling coalition has a majority in both chambers of the Diet.

MNI Tokyo Bureau | +81 90-2175-0040 |
MNI Tokyo Bureau | +81 90-2175-0040 |

To read the full story

Why Subscribe to


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.