Tokyo | Kazuo Ueda took over the reins at the Bank of Japan, replacing Haruhiko Kuroda, whose decade-long aggressive easing efforts made the central bank capable of jolting global financial markets with just a small tweak to its policy.
Mr Ueda began his five-year term on Sunday, inheriting a monetary stimulus program from Mr Kuroda after $US11.7 trillion ($17.5 trillion) was spent in the pursuit of the central bank’s stable 2 per cent inflation target.
