Market Views: Expectations from Japan's incoming central banker
With a surprising pick as new governor, the Bank of Japan might be poised to change tack on its monetary policy. AsianInvestor asked asset managers what this appointment could mean for public markets.
The Japanese government has named Kazuo Ueda as its pick to succeed Bank of Japan (BOJ) governor Haruhiko Kuroda.
Kuroda, who retires on April 8, leaves behind a policy that helped keep the cost of funding the country's huge debt pile extremely low. Ueda's nomination, if confirmed, would come as the BOJ faces growing pressure to phase out yield curve control (YCC) as inflation runs hot and criticism grows for its heavy-handed intervention distorting bond market pricing.
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