Japan Government to Reappoint BOJ Chief Kuroda
Newsfrom JapanPolitics Economy
Tokyo, Feb. 10 (Jiji Press)—The Japanese government plans to reappoint Bank of Japan Governor Kuroda Haruhiko, whose term is set to expire in April, highly rating his aggressive monetary easing stance, informed sources have said.
Believing that the BOJ's massive monetary accommodation under the leadership of Kuroda has put the Japanese economy on a recovery path, the government hopes that he will continue to serve as the head of the central bank to help the country fully overcome deflation, the sources said.
As Kuroda, 73, is set to be retained, the BOJ is seen keeping its current ultraeasy monetary policy intact for the time being. He will be the first BOJ governor to be reappointed in about 60 years.
A BOJ governor, whose term of office is five years, is appointed by the government following approval by both chambers of the Diet, Japan's parliament.
The government of Prime Minister Abe Shinzō is expected to submit within this month the plan to reappoint Kuroda as BOJ governor to the Diet, the sources said.
[Copyright The Jiji Press, Ltd.]