Gov't formalizes appointment of academic Kazuo Ueda as BOJ chief

The government on Friday formally appointed academic Kazuo Ueda as the next Bank of Japan governor for a five-year term, succeeding Haruhiko Kuroda, in the central bank's first leadership change in a decade.Ueda, 71, is the first BOJ chief hailing from academia in postwar Japan and is seen as a pragmatist with deep knowledge of monetary policy. He served as a member of the central bank's decision-making body between 1998 and 2005.His tenure, starting Sunday, comes at a difficult time for the BOJ as it balances supporting the economy with monetary easing to attain its elusive 2 percent infla…READ FULL ARTICLE