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The Tenacity of Deputy Governor Uchida Shown in Raising Interest Rates at the Bank of Japan (Part 2)... The Former Governor Flees From the Negative Legacy of Unconventional Monetary Easing: "Extremely Weak Yen" and "Falling Government Bonds," While the Deputy Governor Does Not.
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Bank of Japan Deputy Governor Uchida, who has recovered from leukemia, is attracting attention in the financial industry, including in the race for the next governor, as he confronts the "negative legacy" of historic interest rate hikes and unconventional monetary easing. His relationship with former Governor Kuroda, who ordered the unconventional easing, and Professor Wakatabe of Waseda University, who is being mentioned as a potential successo…
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