New BOJ chief to slowly unwind Kuroda’s policy experiment

TOKYO -Japan's new central bank chief will take baby steps in any shift away from the radical monetary experiment of his predecessor, if recent comments are any guide, but a deeper history of his thinking shows a taste for bolder action. Markets are rife with speculation that Kazuo Ueda, who becomes Bank of Japan (BOJ) governor on Sunday, will dismantle incumbentHaruhikoKuroda's massive stimulus program that has drawn criticism for distorting market pricing and crushing bank profits. In a sign he will be in no rush to shift policy, Ueda told a parliamentary confirmation hearing in February that he will "spend time and engage in thorough discussions" with BOJ board members on ho...Keep on reading: New BOJ chief to slowly unwind Kuroda’s policy experiment

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