If approved, as seems certain, he will become the first academic economist to run the bank in post-war Japan. He is credited with bringing both theoretical rigour and imagination to debates on its policy board
of central-bank officials are rarely bestsellers. Ueda Kazuo’s book, “Fighting Zero Interest Rates”, about his time on the Bank of Japan’s policy board, certainly wasn’t when it was published in 2005. But it began to fly off the shelves after Mr Ueda became the surprise choice to run thewhen the term of the current governor, Kuroda Haruhiko, ends in April. Mr Ueda’s book is now sold out on Amazon Japan and other big booksellers.
. If approved, as seems certain, Mr Ueda will become the first academic economist to run the bank in post-war Japan, breaking with the tradition that the governor is drawn from theor finance ministry. Many wondered if Mr Ueda might also represent a break with current policy. News of his selection sent the yen climbing and government-bond yields rising, as analysts scrambled to learn more.
On top of Mr Ueda’s academic credentials, his time on the policy board from 1998 to 2005 gives him valuable experience. This period offers clues as to how Mr Ueda may handle the top job. He is credited with bringing both theoretical rigour and imagination to debates. During a meeting in 1998, shortly after thegained official independence, Mr Ueda raised the idea of what has become known as quantitative easing.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
We bought Valentine's gifts for £10 and found romance needn't break the bankWe spent &xA3;10 in some bargain shops to find the perfect Valentine's gifts and one shop came out on top
Consulte Mais informação »
Ulster Bank survey: NI private sector shrinks but businesses optimisticNorthern Ireland's private sector continued to shrink in January but there were some signs of optimism, an UlsterBank survey suggests
Consulte Mais informação »
Zambia rejects China’s call for World Bank to join its debt restructuring\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Consulte Mais informação »
Brexit Cost UK £1,000 Per Household, Says Bank Of England EconomistJonathan Haskel says investment was 'stopped in its tracks' after the referendum.
Consulte Mais informação »
A sound choice for the Bank of Japan’s next governor\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Consulte Mais informação »
Waitrose shoppers horrified to find 'ignorant' food bank message in supermarkets'Is this Waitrose’s most middle-class moment ever?'
Consulte Mais informação »