Kazuo Ueda Urges Bank of Japan to Continue Easing Monetary Policy

This article discusses the testimonies of Kazuo Ueda, the Bank of Japan governor nominee, and two would-be deputies, Ryozo Himino and Shinichi Uchida, before a lower house steering committee. The testimonies provide insights into Ueda’s views on the direction of Japan’s monetary policy and how he sees the more controversial aspects of the BOJ’s approach under outgoing governor Haruhiko Kuroda.

Kazuo Ueda said he believes it is “appropriate” to continue easing but aims to mitigate the side effects. He suggested that a move toward normalization could come once the central bank’s 2% inflation target is in sight. Ueda also said he thought Kuroda’s policy was “unavoidable.”

Ryozo Himino discussed his goal of reversing Japan’s declining relative position over the next five years and his plans to lead in international rule-making during Japan’s year as the Group of Seven chairs.

Shinichi Uchida spoke about the importance of having discussions without worrying about the end time of the policy decision meeting and how it is too early to discuss specifics of how to end monetary easing.

The testimonies of Ueda and the two deputies provide a glimpse into their views on the direction of Japan’s monetary policy. Ueda’s views suggest a continuation of easing, moving towards normalization once the inflation target is in sight. In addition, Himino’s plans to take a leading role in international rule-making during Japan’s year as the Group of Seven chairs, and Uchida’s emphasis on discussions without worrying about the end time of the policy decision meeting, provide further insight into the trio’s views.

Related Facts
– Bank of Japan governor nominee Kazuo Ueda and two would-be deputies testified before a lower house steering committee on February 10th.
– Ueda believes it is “appropriate” to continue easing but said he aims to mitigate the side effects.
– Ryozo Himino discussed his goal of reversing Japan’s declining relative position over the next five years.
– Shinichi Uchida spoke about the importance of having discussions without worrying about the end time of the policy decision meeting.

Key Takeaway
The testimonies of Bank of Japan governor nominee Kazuo Ueda and two would-be deputies provide insight into their views on the direction of Japan’s monetary policy. Ueda believes it is “appropriate” to continue easing. At the same time, Himino discussed his goal of reversing Japan’s declining relative position over the next five years. Finally, Uchida spoke about the importance of having discussions without worrying about the end time of the policy decision meeting.

In conclusion, the testimonies of Ueda and the two deputies provide a glimpse into their views on the direction of Japan’s monetary policy. Ueda’s views suggest a continuation of easing, moving towards normalization once the inflation target is in sight. In addition, Himino’s plans to take a leading role in international rule-making during Japan’s year as the Group of Seven chairs, and Uchida’s emphasis on discussions without worrying about the end time of the policy decision meeting, provide further insight into the trio’s views.