Japan govt set to appoint academic Ueda as next Bank of Japan governor -sources

Japan’s government is likely to appoint academic Kazuo Ueda as the Bank of Japan’s next governor, two government officials told Reuters, a surprise choice that boosted the yen as investors bet he could phase out super-low interest rates sooner than expected.
Ueda, a former member of the BOJ’s policy board and an academic at Kyoritsu Women’s University, is considered an expert on monetary policy and played a key role in battling the initial phase of Japan’s deflation with the introduction of huge amounts of asset purchases and forward guidance for financial markets.
But most analysts said the appointment of the 71-year-old was totally unexpected — he was not even considered a dark horse candidate — and it was hard to tell immediately what that meant for any changes in the bank’s near-term monetary policy.