Saturday, December 14, 2024

Tag: In Surprise Twist

In Surprise Twist, Japan Set To Appoint Ben Bernanke Classmate Kazuo Ueda As Next BOJ Head

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    from ZeroHedge:

    Less than a week after the yen freaked out and tumbled on media reports (by Japan’s Nikkei) that Japan’s PM Fumio Kishida would nominate prominent dove and BOJ Deputy Governor Masayoshi Amamiya to replace Haruhiko Kuroda whose tenure ends April 8, in what was a clear trial balloon meant to gauge investor, early this morning we got news (once again from Japan’s Nikkei, the government’s preferred mouthpiece especially for market trial balloons), that the PM will nominate Kazuo Ueda instead, a professor and former Bank of Japan board member, but most importantly a far greater hawk than Amamiya, after the job was reportedly declined by the former.