BOJ governor pick Ueda faces disentangling decade of ultraloose policy

Market dysfunction and tensions with traders mean rocky road ahead

20230210 Kazuo Ueda BOJ

The Japanese government plans to appoint Kazuo Ueda, an economist and former member of the Bank of Japan policy board, as the BOJ's next governor. (Nikkei montage/Shihoko Nakaoka/Hideyuki Miura)

KENICHI ONOZAWA, Nikkei staff writer

TOKYO -- As the Bank of Japan's next governor, Kazuo Ueda would bear the weighty responsibility of wrapping up a decade of ultraloose monetary policy that has failed to achieve its goal of igniting a stable cycle of economic and price growth.

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