BOJ's Ueda Faces Political Challenge in Raising Rates

BOJ's Ueda Faces Political Challenge in Raising Rates
Tokyo, Oct. 10 (Jiji Press)--Bank of Japan Governor Kazuo Ueda faces a major challenge in raising interest rates after Sanae Takaichi, who supports continued monetary easing, was elected leader of the ruling Liberal Democratic Party earlier this month. Since taking over as governor of the central bank on April 9, 2023, Ueda has pushed to normalize monetary policy after years of aggressive e...