Tag: Governor Kazuo Ueda

Kazuo Ueda
March 06, 2024 BY Simon Mugo

Rapid Digitalisation Poses Financial Risks in Asia – Says BoJ’s Ueda

The adoption of digital financial services has experienced a remarkable upswing in the Asia-Pacific region, particularly in emerging economies where a significant portion of the population previously lacked access to traditional banking services. Smartphones' widespread availability and convenience have revolutionised daily financial transactions, enabling greater financial inclusion for many. Despite these advancements, Ueda highlighted the…

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December 19, 2023 BY Nick Ranga

Japanese stocks rise, yen falls as BOJ reaffirms ultra-easy policy

In a unanimous decision, the central bank opted to keep interest rates at -0.1% while adhering to its yield curve policy, referencing the 1% upper limit for 10-year Japanese government bonds. It reaffirmed its view that the economic uncertainty is “extremely high,” and it is committed to taking "additional easing steps if necessary.” Don’t miss…

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