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ABC News
ABC News
Business

Fumio Kishida bids farewell to Abenomics by appointing Kazuo Ueda as Bank of Japan boss

The appointment of Kazuo Ueda is seen as a departure from the economic policies of former leader Shinzo Abe.  (Reuters: Toru Hanai, file)

For Japanese Prime Minister Fumio Kishida, his country's next central bank chief had to symbolise a departure from the unconventional policies of his predecessor Shinzo Abe — but without angering pro-growth politicians of Mr Abe's powerful political faction.

The tricky task of steering the Bank of Japan (BOJ) out of years of ultra-low interest rates without up-ending markets required the skill to read markets and clearly communicate policy intentions, both domestically and internationally.

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