Kuroda's surprise-filled tenure at BOJ comes to quiet close

Ueda's challenge: fixing communication breakdown between bank and markets

20230310N Kuroda press conference

Bank of Japan Gov. Haruhiko Kuroda's tenure was marked by a string of policy decisions that caught market players off guard. © Reuters

ISAYA SHIMIZU, Nikkei senior staff writer

TOKYO -- The final policy board meeting of Haruhiko Kuroda's decade at the helm of the Bank of Japan ended Friday with no further surprises from a governor who had become known for them.

Some had been on guard for one last unexpected policy shift after December's unanticipated move to let 10-year Japanese government bond yields trade in a wider band. The quiet finish reflected an awareness at the central bank that past surprises under Kuroda's leadership had not been well received.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.