Gov't nominates academic Kazuo Ueda as next Bank of Japan governor

The Japanese government on Tuesday presented Kazuo Ueda to parliament as its nominee for the next Bank of Japan governor, putting the academic and former member of the BOJ's decision-making body forward to replace Haruhiko Kuroda in its first leadership change in a decade.The new leadership is seen as attuned to the daunting challenges facing the central bank, from addressing the side effects of years of monetary easing under Kuroda that has distorted bond markets and expanded the BOJ's balance sheet to paving the way for future policy normalization.After his surprise nomination was reporte…READ FULL ARTICLE