TOKYO :Japan's government has sounded out Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya to succeed incumbent Haruhiko Kuroda as central bank governor, the Nikkei newspaper reported early on Monday, citing anonymous government and ruling party sources.The next BOJ chief will be tasked with putting the
TOKYO :Japan's government has sounded out Bank of Japan Deputy Governor Masayoshi Amamiya to succeed incumbent Haruhiko Kuroda as central bank governor, the Nikkei newspaper reported early on Monday, citing anonymous government and ruling party sources.
Prime Minister Fumio Kishida's choice of a successor to Kuroda, whose five-year term ends on April 8, will likely affect how soon the central bank could phase out its massive stimulus as inflation hit 4 per cent in December, double its 2 per cent target. He played a key role in drafting Kuroda's huge asset-buying programme in 2013 and consistently called for keeping ultra-low interest rates. But he also said in July the BOJ must"always" think about the means of exiting ultra-loose monetary policy.
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