In Bank of Japan chief's birthplace, Ueda's policy puzzle is laid bare

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In Bank of Japan chief's birthplace, Ueda's policy puzzle is laid bare - Channel News Asia

Quick Summary:

MAKINOHARA, Japan : For a sense of the challenges Bank of Japan Governor Kazuo Ueda faces in weaning the world's fourth-largest economy off monetary stimulus, look no further than his birthplace.

Shortly after Ueda's elevation in April 2023, the soft-spoken 73-year-old talked about the "very serious challenge" rural areas posed for Japan's recovery.

The Bank of Japan declined to comment to Reuters about the impact of its policy shift on rural economies like Makinohara.