In response to the decision to appoint Kazuo Ueda, a former deliberative committee member of the Bank of Japan and an economist, as the successor to Governor Kuroda of the Bank of Japan, the New York foreign exchange market on the 10th said that the Bank of Japan would continue monetary easing for the time being. Yen-selling and dollar-buying intensified, and the yen exchange rate fell to the mid-131 yen level to the dollar.
Prime Minister Kishida has confirmed his intention to appoint economist Kazuo Ueda, a former deliberative committee member of the Bank of Japan, to succeed Kuroda as Governor of the Bank of Japan.
Triggered by this, the yen was bought in the Tokyo foreign exchange market on the 10th, and the yen appreciated to the 129 yen level to the dollar at one point. is necessary."
In the New York market, following this trend, the Bank of Japan is expected to continue monetary easing for the time being.
A market insider said, ``Mr. Ueda's appointment was taken by surprise, and many investors lacked information to predict the policy, but Mr. Ueda's remarks do not immediately revise the BOJ's large-scale monetary easing measures. The New York market is also paying attention to how the new system of the BOJ will manage monetary policy."