is a Japanese economist who has been serving as the 32nd Governor of the

Bank of Japan The is the central bank of Japan.Louis Frédéric, Nussbaum, Louis Frédéric. (2005). "Nihon Ginkō" in The bank is often called for short. It is headquartered in Nihonbashi, Chūō, Tokyo, Chūō, Tokyo. The said bank is a corporate entity ...

(BOJ) since April 2023. He is a

professor emeritus ''Emeritus/Emerita'' () is an honorary title granted to someone who retirement, retires from a position of distinction, most commonly an academic faculty position, but is allowed to continue using the previous title, as in "professor emeritus". ...

at the

University of Tokyo The University of Tokyo (, abbreviated as in Japanese and UTokyo in English) is a public research university in Bunkyō, Tokyo, Japan. Founded in 1877 as the nation's first modern university by the merger of several pre-westernisation era ins ...

(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 was a Japanese economist. Biography Uzawa was born on July 21, 1928, in Yonago, Tottori to a farming family. He attended the Tokyo First Middle School (currently the Hibiya High School) and the First Higher School, Japan (now the College of ...

, Ryutaro Komiya, and

Koichi Hamada is the Tuntex Professor Emeritus of Economics at Yale University, where he specializes in the Japanese economy and international economics.Yale Bulletin & Calendar, November 17, 2006, 35(11) Hamada also serves as economic adviser to Japan's Prim ...

.東京大学教授植田和男さん理論と政策を行き来する（5）大学への恩返しにと事務方の仕事も担う
日本経済新聞 2011年10月21日 In 1980, Ueda received his PhD in economics from the

Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a Private university, private research university in Cambridge, Massachusetts, United States. Established in 1861, MIT has played a significant role in the development of many areas of moder ...

. His doctoral advisor was

Stanley Fischer Stanley Fischer (; October 15, 1943 – May 31, 2025) was an American and Israeli economist who served as the 20th vice chair of the Federal Reserve from 2014 to 2017. Fischer previously served as the 8th governor of the Bank of Israel from 2 ...

. After working at the

University of British Columbia The University of British Columbia (UBC) is a Public university, public research university with campuses near University of British Columbia Vancouver, Vancouver and University of British Columbia Okanagan, Kelowna, in British Columbia, Canada ...

and

Osaka University The , abbreviated as UOsaka or , is a List of national universities in Japan, national research university in Osaka, Japan. The university traces its roots back to Edo period, Edo-era institutions Tekijuku (1838) and Kaitokudō, Kaitokudo (1724), ...

, 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 Fumio Kishida (born 29 July 1957) is a Japanese politician who served as Prime Minister of Japan and President of the Liberal Democratic Party ( LDP) from 2021 to 2024. He has been a member of the House of Representatives in the National Diet ...

to succeed the long-serving

Haruhiko Kuroda is a Japanese banker and a former Ministry of Finance government official who served as the 31st Governor of the Bank of Japan (BOJ) from March 2013 to April 2023 and is currently a Professor at the National Graduate Institute for Policy Studie ...

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 A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfoli ...

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

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

(IMF), Ex-Officio Alternate Member of the Board of Governors (since 2022)Board of Governors

(IMF).

Works in Japanese

Single-authored

* 国際マクロ経済学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)

東洋経済新報社 is a book and magazine publisher specializing in politics, economics and business, based in Tokyo, Japan. The company is famous for established in 1895, one of three Japanese leading business magazines ranked with published by Nikkei Business ...

, 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) 大蔵省財政金融研究所, 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 ISBN 4492651578 * 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)

日本経済新聞社 is a Japanese media company which owns ''The Nikkei'' and the ''Financial Times''. Its first publication was in 1876 with the publication of ''The Chugai Bukka Shimpo (Domestic and Foreign Prices News)''. In 1946, the company name was changed t ...

, 2005 ISBN 4532351839 * 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) 中経出版, 2017

Co-authored

* 円・ドルレート:1973–1985 吉田康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翁邦雄 JICC出版局, 1991 ISBN 4796601449 * 戦後日本の資金配分産業政策と民間銀行岡崎哲二, 奥野正寛ほか東京大学出版会, 2002 ISBN 4130401866 * パースペクティブ日本経済円高シフトの構造と方向伊藤元重, 竹中平蔵共編筑摩書房, 1988 ISBN 4480854460 * 90年代の国際金融深尾光洋共編日本経済新聞社, 1991 ISBN 4532130115 * 変革期の金融システム貝塚啓明共編東京大学出版会, 1994 ISBN 4130401416 * 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 ISBN 453213109X * 日本経済事典伊藤元重, 小峰隆夫, 猪木武徳, 加護野忠男, 樋口美雄共編日本経済新聞社, 1996 ISBN 4532145007 * 世界金融・経済危機の全貌原因・波及・政策対応慶應義塾大学出版会, 2010 ISBN 9784766417753

References

External links

植田和男
– 共立女子大学
講演・記者会見植田和男
– Bank of Japan {{DEFAULTSORT:Ueda, Kazuo 1951 births 20th-century Japanese economists 21st-century Japanese economists Academic staff of Osaka University Academic staff of the University of British Columbia Academic staff of the University of Tokyo Living people Massachusetts Institute of Technology alumni People from Shizuoka Prefecture University of Tokyo alumni Governors of the Bank of Japan