BOJ confirmation hearingsKazuo Ueda seeks to steer BOJ toward more flexible path
A decade after Kuroda's 'bazooka,' nominee puts pragmatism over ideology
Kazuo Ueda, nominee for Bank of Japan governor, attends a hearing at the lower house of the Diet in Tokyo on Feb. 24. (Photo by Uichiro Kasai)
MITSURU OBE, Nikkei staff writer
February 24, 2023 18:19 JST
TOKYO -- A decade ago, Bank of Japan Gov. Haruhiko Kuroda fired a "bazooka" in an ideological bid to reflate the country's moribund economy by boosting the supply of easy money. On Friday, his expected successor sought to bring pragmatism back to the central bank.