New Bank of Japan chief says no major rate hike on horizon

TOKYO –Japan’s new central bank chief said Monday no major rate hikes were on the horizon, and that a long-standing loose monetary policy remained “appropriate”. Kazuo Ueda took over this month from Haruhiko Kuroda, the bank’s longest-serving governor and architect of a monetary policy intended to help boost the world’s third-largest economy. Ueda, 71, takes … Continue reading New Bank of Japan chief says no major rate hike on horizon