What to Watch for During BOJ Nominee Ueda’s Parliamentary Hearings
- Ueda to be grilled on his current policy stance in parliament
- Investors looking for views on yield control, review, wages
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Japanese Prime Minister Fumio Kishida’s surprise pick for central bank governor, Kazuo Ueda, starts a series of hearings Friday as lawmakers consider his nomination amid strong market expectations of policy change to come.
Investors, economists and politicians are eager to know more about the current stance of the 71-year-old academic and former Bank of Japan board member, given the continued speculative strain on the BOJ’s stimulus framework, a distorted bond market and inflation soaring at 4%.