BOJ likely to stay course as new chief Ueda holds 1st policy meeting

New Bank of Japan Governor Kazuo Ueda is widely expected to shun surprises at a two-day policy-setting meeting from Thursday, his first since assuming the post, even amid persisting speculation that an overhaul of the central bank’s controversial yield cap program will come sooner rather than later.

Ueda’s remarks in the lead-up to the meeting have suggested that the central bank under his leadership will remain committed to monetary easing and controlling short-term and long-term interest rates at a time of budding inflation expectations.

Financial markets are looking for hints as to how conf...