As BOJ leadership change nears, reflationists leave center stage

Governor nominee Ueda seen as more attuned to easing's side effects

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Reflationists rose to prominence at the Bank of Japan under late former Prime Minister Shinzo Abe. (Photo by Kaisuke Ohta)

KENICHI ONOZAWA, Nikkei staff writer

TOKYO -- The Japanese government's picks to lead the Bank of Japan underscore the waning influence of the proponents of aggressive easing who had steered monetary policy for a decade.

Reflationists -- advocates of such measures as asset-buying by the central bank and inflation targeting to pull the economy out of deflation -- rose to prominence under former Prime Minister Shinzo Abe.

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