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作成日: 2023/04/11 07:23

更新日: 2025/12/09 05:10

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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, &quot;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.&quot;
                
Ueda also mentioned the bank&#039;s yield curve control, or YCC policy, which has kept short-term yields negative and long-term yields around 0%.
                
He said, &quot;I think it is appropriate to continue yield curve control in light of the current economic, price and financial situation.&quot;
                
Ahead of the news conference, Ueda met Japan&#039;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.

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