Tokyo | Prime Minister Fumio Kishida was expected to pick a continuity candidate to be the Bank of Japan’s next governor from a conventional shortlist, as Haruhiko Kuroda prepares to step down after a decade at the helm of the central bank.

Instead, the Japanese leader sent shockwaves across global markets on Friday following reports that he had broken with tradition and picked an outsider to Japan’s policy and political establishment: economist Kazuo Ueda.

Financial Times