Japan’s Failed Monetary Experiment and its Threat to Global Financial Stability | The M & M Show

Kazuo Ueda has been appointed as the new governor of the Bank of Japan (BOJ), taking over from Haruhiko Kuroda. Ueda, a former BOJ official who served from 2008 to 2015, will be tasked with unwinding roughly 23 years of quantitative easing and reducing Japan’s $5tn balance sheet. One reason Ueda was appointed was that Kishida’s first choice, deputy BOJ governor Masayoshi Amamiya, refused the position.

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