On the 14th, the government submitted to the Diet a proposal to appoint economist Kazuo Ueda, a former deliberative member of the Bank of Japan, as the new governor of the Bank of Japan.
Since the term of Governor Kuroda of the Bank of Japan will expire in April, the government proposed on the morning of the 14th to the board of directors of the House Operational Committees of both houses of the Diet a proposal to appoint Kazuo Ueda, a former deliberative committee member of the Bank of Japan and an economist. presented.
Ueda is 71 years old.
An economist specializing in macroeconomics and monetary theory, he served as a member of the Bank of Japan's deliberation committee for seven years from 1998, and provided theoretical support for the introduction of the "zero interest rate policy" and the "quantitative easing policy."
Until now, most of the governors of the Bank of Japan have been from the Bank of Japan or from the former Ministry of Finance and Ministry of Finance.
In addition, since the term of office of the two deputy governors expires next month, he proposed to appoint Ryozo Himino, former Commissioner of the Financial Services Agency, and Shinichi Uchida, a director of the Bank of Japan.
The term of office of the governor and deputy governors is five years, and under the new system, the difficult task is how to create a virtuous economic cycle in which wages rise and prices rise stably, and how to deal with the side effects of large-scale monetary easing. will be working on
The three personnel proposals require the consent of the Diet, and from next week, it is expected that hearings and questions will be held at the House Operation Committee of both houses of the House of Representatives.
After that, the government would like to obtain the consent of both houses of the Diet promptly and formally appoint him.