The Bank of Japan put up a fierce struggle to retain its autonomy in 2013, when the government was pushing a radical monetary easing policy, recently disclosed records show.
Investors say Kazuo Ueda's appointment as the Bank of Japan's new chief may indicate how soon it will shift away from extremely low interest rates a transition that could have huge ramifications for global financial markets.
For Prime Minister Fumio Kishida, Japan’s next central bank chief had to symbolise a departure from the unconventional policies of his predecessor Shinzo Abe - but without angering pro-growth lawmakers of Abe’s powerful political faction.
With Japan s new central bank boss, Kishida bids farewell to Abenomics bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.