New BOJ chief’s first task may be to tweak forward guidance

By Leika Kihara TOKYO (Reuters) – Japan’s new central bank chief is likely to keep monetary settings ultra-loose at his debut meeting on Friday, but may consider dropping references to the COVID-19 in forward guidance as the pandemic fades as an economic risk.     While such a tweak would not have material implications for policy, investor may interpret it as Governor Kazuo Ueda’s first step towards a broader change to the central bank’s current dovish communication and an eventual phase-out of its massive sti...