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Opinion

Japan's stock rally is making life harder for new BOJ governor

Like predecessors and premiers, Ueda can't be seen to short-circuit surge

| Japan
Bank of Japan Gov. Kazuo Ueda may keep the central bank on autopilot indefinitely. (Pool via Reuters)

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

Many market watchers have been waiting for new Bank of Japan Gov. Kazuo Ueda to begin to scrap yield curve control, quantitative easing and the rest of the ultraloose monetary policy legacy of predecessor Haruhiko Kuroda. This was in turn expected to set the yen surging against the dollar.

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