FOCUS: BOJ turns page on monetary easing as Ueda moves to pin expectations

Bank of Japan chief Kazuo Ueda knows the importance -- and difficulty -- of managing people's expectations in carrying out monetary policy.Under Ueda, the architect of forward guidance or a way of providing tips for its future policy direction, the BOJ draws a sharp contrast with his predecessor Haruhiko Kuroda, who often surprised markets with unexpected moves.The Japanese central bank on Tuesday decided to abolish its negative interest rate policy and yield cap program, two major remnants of Kuroda's era that were introduced in 2016."We communicated through various means beforehand our th…READ FULL ARTICLE