“Asian Development Bank President Haruhiko Kuroda is set for parliamentary confirmation as Japan’s next central bank chief following his nomination, ushering in a leadership team projected to step up monetary stimulus.
Members of the main opposition Democratic Party of Japan said they will back Kuroda, easing his passage through a split parliament. Prime Minister Shinzo Abe will present his nominees for Bank of Japan governor and two deputies tomorrow morning, ruling Liberal Democratic Party lawmaker Genichiro Sata said.
While the DPJ signaled resistance to one anticipated deputy pick — Kikuo Iwata, an advocate of greater government oversight of the BOJ — two other opposition parties showed support, increasing the chance that Abe gets approval for his full slate. Confirmations would yield him a win on his biggest agenda item since he took office in December vowing to lift Japan out of 15 years of deflation….”
If you enjoy the content at iBankCoin, please follow us on Twitter
