{"id":79960,"date":"2023-02-14T16:27:59","date_gmt":"2023-02-14T12:27:59","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=79960"},"modified":"2023-02-14T16:28:00","modified_gmt":"2023-02-14T12:28:00","slug":"japan-appoints-academic-ueda-as-new-governor-of-the-central-bank","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/japan-appoints-academic-ueda-as-new-governor-of-the-central-bank\/02\/14\/market-updates\/","title":{"rendered":"Japan appoints academic Ueda as new governor of the central bank"},"content":{"rendered":"\n<p>The Japanese government said it has appointed academic Kazuo Ueda as the next central bank governor, in a surprise choice that could boost chances of ending its unpopular yield control policy.<\/p>\n\n\n\n<p>Ueda, 71, a former board member of the Bank of Japan, will succeed Haruhiko Kuroda, whose second five-year term ends on April 8, according to documents submitted to parliament on Tuesday.<\/p>\n\n\n\n<p>The leadership transition marks a historic end to Kuroda&#8217;s decade-long monetary experiment, which eventually saw Japan follow the example of other large economies in raising interest rates.<\/p>\n\n\n\n<p>With inflation exceeding the BoJ&#8217;s 2 percent target, Ueda faces the delicate task of adjusting the bank&#8217;s longstanding ultra-loose policy, which has drawn mounting public criticism for distorting market functioning and machinery and crushing banks&#8217; margins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Japanese government said it has appointed academic Kazuo Ueda as the next central bank governor, in a surprise choice that could boost chances of ending its unpopular yield control policy. Ueda, 71, a former board member of the Bank of Japan, will succeed Haruhiko Kuroda, whose second five-year term ends on April 8, according &hellip;<\/p>\n","protected":false},"author":9,"featured_media":79961,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7211,6877,6928,6882],"class_list":["post-79960","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=79960"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79960\/revisions"}],"predecessor-version":[{"id":79962,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79960\/revisions\/79962"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/79961"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=79960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=79960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=79960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}