BoJ Governor Favorite to Get Second Term

Bank of Japan Governor Haruhiko Kuroda looks favored to get a second five-year term when his current one ends in April, the Nikkei business paper reported on Saturday.

Following last week’s landside election win for Prime Minister Shinzo Abe’s ruling bloc, top advisers will discuss candidates for central bank chief, with Kuroda the “leading candidate”, the newspaper reported, citing an unnamed adviser.

The Nikkei quoted the adviser as saying that the next governor must be someone with “an appreciation for the present system”.

Abe is seen maintaining his economic agenda, which focuses on using loose fiscal and monetary policies to maintain the country’s economic recovery.

In Japan, board members of the central bank, including the governor and deputy governor, are appointed by the cabinet.

via Kitco

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza