The Strategist

ECB governor Lagarde: Bank of Japan’s Governor made a very wise decision to revise monetary policy

05/12/2023 - 10:09

According to Christine Lagarde, President of the European Central Bank, Kazuo Ueda, the new governor of the Bank of Japan, made a "very wise" choice to review previous monetary policy actions.

"I've met him several times, and he strikes me as being a very calm, solid, and committed person," she remarked.

Mr. Ueda made the right decision to conduct a strategic audit after assuming office in order to fully grasp his strengths and weaknesses and to determine the best course for maintaining price stability, according to Lagarde.

Kazuo Ueda succeeded Haruhiko Kuroda as governor of the Bank of Japan in April.