Japan Appoints University Academic As Next Central Bank Governor 

Economics professor Kazuo Ueda has been nominated as the Bank of Japan’s next governor, tasked with navigating a way forward after a decade of extraordinary monetary easing. <br />The respected economist, described as careful and cautious, was a surprise pick for the change of guard after the outgoing governor’s deputy reportedly turned down the job. <br />Japan's gross domestic product expanded just 0.2 per cent in the last quarter of 2022, a smaller rebound than expected despite the long-awaited reopening of the country to tourists.