Abe Said to Be Likely to Nominate BOJ Governor on Friday
Kuroda is widely expected to get another term.
(Bloomberg) -- Japanese Prime Minister Shinzo Abe may submit his picks for Bank of Japan governor and the two deputies to parliament on Friday, starting the process of appointing central bank’s leadership.
The nominations are likely to come tomorrow, according to an official in parliament who asked that their name not be used, citing protocol. If the nominations happen tomorrow, they would be announced sometime after 11 a.m. local time.
The government wants the incumbent Haruhiko Kuroda to serve another five-year term, a senior government official told Bloomberg after local news media reported the likelihood of his reappointment last week.
According to local media reports, the two deputy positions will go to BOJ Executive Director Masayoshi Amamiya and Etsuro Honda, ambassador to Switzerland.
The first board meeting under new leadership will be held on April 26-27. Kuroda said on Thursday that the bank will continue to take the most appropriate policy. Most BOJ watchers forecast that the bank will continue to stick with the current monetary easing policy for now.
To contact the reporter on this story: Toru Fujioka in Tokyo at tfujioka1@bloomberg.net.
To contact the editors responsible for this story: Brett Miller at bmiller30@bloomberg.net, James Mayger, Henry Hoenig
©2018 Bloomberg L.P.