New Bank of Japan governor Ueda Kazuo says he will carry on the policies of his predecessor Kuroda Haruhiko, and work to achieve price stability of 2 percent inflation. He also says he will continue large-scale monetary easing.

Ueda, who assumed his post as BOJ governor on Sunday, held a press conference on Monday. He said, "So far, the Bank of Japan has been ahead of the rest of the world in implementing a variety of untraditional monetary policies. Taking advantage of this, I would like to make efforts in both theoretical and practical aspects to complete the mission of achieving price stability."

Ueda also mentioned the bank's yield curve control, or YCC policy, which has kept short-term yields negative and long-term yields around 0%.

He said, "I think it is appropriate to continue yield curve control in light of the current economic, price and financial situation."

Ahead of the news conference, Ueda met Japan's Prime Minister Kishida Fumio. They agreed there is no need to immediately revise a 2013 joint statement aiming for price stability of 2 percent.

They also agreed to keep in close communication against the backdrop of uncertainty in the global economy to implement policies in a flexible way.

Ueda is a former Bank of Japan policy board member and the first postwar governor from academia. The top BOJ official and deputy governors serve five-year terms.