Japan's Parliament Approves Reappointment of BOJ Chief (News)


Tokyo, March 16 (Jiji Press)—Japan's parliament on Friday approved the government's plan to reappoint Kuroda Haruhiko as governor of the Bank of Japan.

Kuroda, 73, will be the first central bank chief in Japan to serve a second five-year term in about 60 years.

His challenges include achieving his 2% inflation target and exiting from massive monetary easing.

Parliament also approved the government's plan to name Wakatabe Masazumi, 53, professor at Waseda University, and BOJ Executive Director Amamiya Masayoshi, 62, as deputy governors of the central bank.

There had been concerns that the BOJ leadership appointments might not win parliamentary approval in time due to a political gridlock over a favoritism scandal involving school operator Moritomo Gakuen.

[Copyright The Jiji Press, Ltd.]

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