TOKYO – Kazuo Ueda used his big moment in the spotlight on Friday to assure Bank of Japan watchers he’s no Peter Pan.
One of the cringiest moments of predecessor Haruhiko Kuroda’s 10 years as BOJ governor came in 2015, when he spelled out his strategy to reanimate Asia’s second-biggest economy.
“I trust that many of you are familiar with the story of Peter Pan, in which it says, ‘The moment you doubt whether you can fly, you cease forever to be able to do it.'” In summing things up, Kuroda said: “Yes, what we need is a positive attitude and conviction.”
As Kuroda prepares to retire in April, Ueda is telling members of the Diet, the country’s parliament, that he sees no supernatural silver bullet to end Japan’s multi-decade malaise.