The nominee for Bank of Japan governor, Kazuo Ueda, on Friday called the central bank's current monetary policy "appropriate" and said he would maintain monetary easing.
The Rules and Administration Committee of the House of Representatives held a confirmation hearing for Ueda, a 71-year-old economist who has been nominated by the government as the next BOJ chief.
"The monetary policy that the BOJ is implementing is appropriate," Ueda said during the hearing. "I intend to continue monetary easing in order to create an economic environment that will enable companies to raise wages."
