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DAVOS, Switzerland : Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank will continue its current "extremely accommodative" monetary policy to achieve its 2 per cent inflation target in a stable, sustainable manner.
Prime Minister Fumio Kishida said on Sunday he would nominate a new Bank of Japan governor next month, as markets test whether the central bank will change the ultralow-rate policy of the dovish Haruhiko Kuroda.
Source: https://www.japantimes.co.jp/news/2023/01/22/business/new-boj-governor/
Ueda is expected to succeed Bank of Japan (BOJ) Gov. Haruhiko Kuroda when he steps down in April after two 5-year terms marked by unprecedented easing.
Source: https://businessmirror.com.ph/2023/02/24/asia-stocks-mixed-after-wallsteet-breaks-losing-streak/
While a decade of aggressive monetary stimulus under Bank of Japan Governor Haruhiko Kuroda did little to economic growth, which averaged around 1% over that time, it has kept the government's borrowing costs at rock-bottom.