Kazuo Ueda has been approved as the new governor of the Bank of Japan (BOJ) by the country’s House of Representatives. He is set to succeed Haruhiko Kuroda, whose term as governor ends on April 8. Ueda’s appointment still needs to be endorsed by the Japanese Senate on Friday before he can take up the post officially.
As a former professor at the Faculty of Economics at the University of Tokyo, Ueda will be the first BOJ governor to come from academia. His first monetary policy meeting as BOJ governor is scheduled for April 27-28, during which the BOJ’s new executive committee will release its economic and inflation forecasts for the current fiscal year through to fiscal year 2025.