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Kazuo Ueda

is a Japanese economist who has been serving as the 32nd Governor of the Bank of Japan (BOJ) since April 2023.

He is a professor emeritus at the University of Tokyo (UTokyo) and also worked briefly as a professor at Kyoritsu Women’s University after his retirement from UTokyo in 2017. He was the dean of the Faculty of Economics at UTokyo and president of the Japanese Economic Association.

Biography

Ueda graduated from the University of Tokyo with a Bachelor of Science in Mathematics and then studied at Faculty of Economics under Hirofumi Uzawa, Ryutaro Komiya, and Koichi Hamada. In 1980, Ueda received his PhD in economics from the Massachusetts Institute of Technology. His doctoral advisor was Stanley Fischer.

After working at the University of British Columbia and Osaka University, he returned to his alma mater in 1989, retiring in 2017 to become Professor Emeritus. From April 2011 to June 2012, Ueda was president of the Japan Economic Association.

In February 2023, Ueda was nominated by Prime Minister Fumio Kishida to succeed the long-serving Haruhiko Kuroda as Governor of the Bank of Japan. He was an unexpected choice as the position is usually filled by a senior official from the Ministry of Finance or the bank itself. Ueda began his term in April 2023. On 19 March 2024, the BoJ under Ueda decided to end the zero-interest-rate policy and the yield curve control. This was a milestone for the long-stagnant Japanese economy, as the bank rate had not been raised for 17 years due to deflation or very low inflation, which the country finally got out of with the help of the 2021-2023 global inflation surge.

Other activities

Works in Japanese

Single-authored

  • 国際と日本経済 開放経済体系の理論と実証 (International Macroeconomics and the Japanese Economy: Theory and Evidence of an Open Economic System) , 1983
  • 戦後の経済変動と経常収支 (Postwar Economic Fluctuations and the Current Account, Ministry of Finance, Financial Research Institute) , 1986
  • 国際収支不均衡下の金融政策 (Monetary Policy under International Balance of Payments Imbalances) 東洋経済新報社, 1992
  • ゼロ金利との闘い 日銀の金融政策を総括する (Battling Zero Interest Rates: Evaluating the Bank of Japan’s Monetary Policy) , 2005
  • 大学4年間の金融学が10時間でざっと学べる (Speed Learn University-Level Finance in 10 Hours) , 2017

Co-authored

  • 円・ドルレート:1973–1985 大蔵省財政金融研究所, 1986
  • 企業間株式持合の経済的影響の分析 東京大学, 1990
  • 金融・入門 三日間の経済学 , 1991
  • 戦後日本の資金配分 産業政策と民間銀行 , ほか , 2002
  • パースペクティブ日本経済 円高シフトの構造と方向 , 共編 , 1988
  • 90年代の国際金融 共編 日本経済新聞社, 1991
  • 変革期の金融システム 共編 , 1994
  • 金融空洞化の経済分析 深尾光洋ほか共編 日本経済新聞社, 1996
  • 日本経済事典 伊藤元重, , , , 共編 日本経済新聞社, 1996
  • 世界金融・経済危機の全貌 原因・波及・政策対応 , 2010

References

External links