The Japanese government is considering submitting a nomination for the successor to Haruhiko Kuroda, Governor of the Bank of Japan, to the National Diet as early as the beginning of next week.
According to a report by Japan's public broadcaster NHK on the 9th, Tsuyoshi Takagi, the ruling Liberal Democratic Party's Diet Policy Committee Chairman, is expected to meet with Jun Azumi, the Constitutional Democratic Party's Diet Policy Committee Chairman and leader of the largest opposition party, on the 10th to explain the government's policy and discuss the specific personnel schedule.
Japanese Prime Minister Fumio Kishida stated on the 8th regarding the Bank of Japan governor appointment, "I believe that close cooperation with heads of major central banks and the ability to provide high-quality information to market participants have become increasingly important," adding, "I will make the appointment with these points fully in mind."
Governor Kuroda, who led former Prime Minister Shinzo Abe's economic policy known as "Abenomics," will complete his term and retire on April 8.
Earlier, local media reported that Masayoshi Amamiya, Deputy Governor of the Bank of Japan, is a strong candidate for the new governor. He is considered a close associate of Governor Kuroda. Therefore, some analysts suggest that if he assumes the new governorship, accommodative monetary policy may continue.
The Japanese government is also expected to submit nominations for two deputy governors along with the new governor. The Bank of Japan governor's term is five years, and the appointment is made by the Prime Minister after obtaining consent from both the House of Representatives and the House of Councillors.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
