News & Feeds April 9, 2023

End of an era as economist Kazuo Ueda takes over Haruhiko Kuroda as Bank of Japan governor on Sunday

Economist Kazuo Ueda is set to succeed Mr Haruhiko Kuroda as the governor of the Bank of Japan (BOJ) on Sunday (Apr 9). Unlike past governors who traditionally hailed from the central bank or the powerful Finance Ministry, Mr Ueda is an academic by training. The 71-year-old, formerly a professor at Kyoritsu Women’s University, was a BOJ board member from 1998 to 2005. He was also the chief councillor of the Institute for Monetary and Economic Studies, the BOJ’s think tank. “(Mr Ueda) may not drastically change the old framework of Mr Kuroda,” said Nomura Research Institute’s executive economist Takahide Kiuchi.