Bank of Japan chief nominee Kazuo Ueda vows to maintain monetary easing

Nominee for Bank of Japan governor Kazuo Ueda said Friday he views the current monetary easing policy as "appropriate" and will maintain it to support the economy and stably achieve the central bank's 2 percent inflation target.Ueda, an academic and former member of the central bank's Policy Board, told a confirmation hearing in parliament that he does not see the need to revise a decade-old joint statement with the government that includes a pledge to achieve 2 percent as soon as possible. But he said the BOJ would examine the pros and cons of monetary easing as required.The BOJ is facing …READ FULL ARTICLE