TOKYO : Japan's government picked academic Kazuo Ueda as new central bank governor on expectations he can help keep inflation on target and sustain economic and wage growth, finance minister Shunichi Suzuki said on Friday.'We fully paid attention to the potential impact on financial market in proceeding w
TOKYO : Japan's government picked academic Kazuo Ueda as new central bank governor on expectations he can help keep inflation on target and sustain economic and wage growth, finance minister Shunichi Suzuki said on Friday.
"We also took into account the importance of keeping close coordination with top officials of major central banks as well as the ability to send and receives high-quality messages to market players within and outside Japan," Suzuki said. The government picked BOJ executive Shinichi Uchida and former banking watchdog Ryozo Himino as the two deputy governors for their rich experience and knowledge of monetary policy and financial affairs.
The parliament holds confirmation hearings on the nominees on Feb. 24 at the lower house, followed by the upper chamber at a later date.
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