On February 13, according to a report by Japan’s Kyodo News Agency, in view of the basic finalization of the personnel of the three new governors and deputy governors of the Bank of Japan, market stakeholders believe that this means a step towards the “normalization” of monetary policy.
President Kazuo Ueda, Vice President Ryozo Himino and Shinichi Uchida are not well-known to the general public, but they are known among economic experts as theorists and practicalists, and are also well received overseas. However, the economic situation is constantly fluctuating. If a wrong judgment is made, it may cause the national debt to plummet and interest rates to soar. Detailed policy operations are required. The major mission of Ueda and others is to find the “exit” that allows the large-scale monetary easing policy to move towards normal.
