BoJ Governor Favorite to Get Second Term

Bank of Japan Governor Haruhiko Kuroda looks favored to get a second five-year term when his current one ends in April, the Nikkei business paper reported on Saturday.

Following last week’s landside election win for Prime Minister Shinzo Abe’s ruling bloc, top advisers will discuss candidates for central bank chief, with Kuroda the “leading candidate”, the newspaper reported, citing an unnamed adviser.

The Nikkei quoted the adviser as saying that the next governor must be someone with “an appreciation for the present system”.

Abe is seen maintaining his economic agenda, which focuses on using loose fiscal and monetary policies to maintain the country’s economic recovery.

In Japan, board members of the central bank, including the governor and deputy governor, are appointed by the cabinet.

via Kitco

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