Kazuo Ueda seeks to steer BOJ toward more flexible path

A decade after Kuroda's 'bazooka,' nominee puts pragmatism over ideology

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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

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.

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