He Japanese government has nominated Kazuo Ueda next governor of the Bank of Japan (BoJ). ING economists expect that yen volatility remains high.
There are no indications that Ueda will favor an abrupt end to the BoJ’s ultra-loose policy
“The yen continues to record high volatility as markets struggle to assess the implications of the now official appointment of Kazuo Ueda as the next Bank of Japan governor.”
“We expect yen volatility to remain elevatedgiven that Ueda could refrain from offering clear guidance on any policy changes before taking office in April..”
“For now, there are no indications that it will favor an abrupt end to the BoJ’s ultra-loose policy.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
