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Bank of Japan's 'bazooka' chief Kuroda's record tenure
Bank of Japan's 'bazooka' chief Kuroda's record tenure
Business and Economy
by  AFP

Bank of Japan governor Haruhiko Kuroda is stepping down after a 10-year tenure defined by his signature "bazooka" of easy money policies, designed to reboot the country's moribund economy. Later that year, Kuroda announced another step -- buying as many or few 10-year government bonds as necessary to ensure their yields remained steady at zero.

Kazuo Ueda nominated next Bank of Japan governor
Kazuo Ueda nominated next Bank of Japan governor
Business and Economy
by  AFP

Economics professor Kazuo Ueda was nominated Tuesday as the Bank of Japan's next governor, tasked with navigating a way forward after a decade of extraordinary monetary easing. Kazuo Momma, executive economist at Mizuho Research and Technologies and a former assistant governor at the Bank of Japan, told AFP that Ueda had "never been hawkish with regard to the BoJ's monetary policy."