Japanese Gov’t To Nominate New Central Bank Chief In Feb: PM

Japanese Gov’t To Nominate New Central Bank Chief In Feb: PM

TOKYO, Jan 23 (NNN-NHK) – The Japanese government will nominate the successor to outgoing Bank of Japan (BOJ) Governor, Haruhiko Kuroda, in Feb, for the parliament approval, Prime Minister, Fumio Kishida, said yesterday.

Kishida said, on a TV programme that, Kuroda will leave his post when his current term ends in Apr, adding that, the BOJ’s longest-serving chief will be replaced.

Asked if an appointment proposal will be submitted to the Diet, the country’s parliament, in Feb, Kishida said, “Considering parliament’s schedule, I think it will be the case.”

The government will also seek approval for new deputy governors, whose appointments will likely be submitted at the same time. Under Japanese law, the cabinet appoints the BOJ’s governor and two deputy governors after obtaining approval from the Diet.

Kuroda, who has headed the central bank since 2013, will reach the end of his term on Apr 8, while the term of the two deputies, Masayoshi Amamiya and Masazumi Wakatabe, will end on Mar 19.– NNN-NHK

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