NEW YORK -- As new Bank of Japan Gov. Kazuo Ueda takes the reins from predecessor Haruhiko Kuroda, a former president of the Federal Reserve Bank of New York argues that he should stay the course on targeting sustained 2% inflation.
Dudley 'cautiously optimistic' about Kuroda's easing but says 'premature' to judge

The Bank of Japan under new governor Kazuo Ueda should stick with its 2% inflation target, says William Dudley, former president of the Federal Reserve Bank of New York. (Photo by Hideyuki Miura)
NEW YORK -- As new Bank of Japan Gov. Kazuo Ueda takes the reins from predecessor Haruhiko Kuroda, a former president of the Federal Reserve Bank of New York argues that he should stay the course on targeting sustained 2% inflation.