Economics professor Kazuo Ueda has been nominated as the Bank of Japan’s next governor, tasked with navigating a way forward after a decade of extraordinary monetary easing.
The respected economist, described as careful and cautious, was a surprise pick for the change of guard after the outgoing governor’s deputy reportedly turned down the job.
Japan's gross domestic product expanded just 0.2 per cent in the last quarter of 2022, a smaller rebound than expected despite the long-awaited reopening of the country to tourists.