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Head of ADB on Tap for BoJ Central Bank Job

Kuroda was bold in his statements [1] as head of the Asian Development Bank where he went on the record that the Bank of Japan could meet its 2 percent inflation target in 2 years.

Japan’s prime minister is poised to nominate an advocate of aggressive monetary easing to be the nation’s next central banker, a move that will likely further weaken the yen while providing a boost to stocks.
After weeks of speculation, multiple Japanese media reports indicate that Prime Minister Shinzo Abe is preparing to select Asian Development Bank President Haruhiko Kuroda as the BoJ’s next governor.

Kuroda is seen as a likely candidate due to his experience in international finance, and monetary prescriptions that largely mirror those of Abe.
Abe based his election campaign last year on a commitment to take radical steps to end years of deflation, combining promises of looser monetary policy with pledges of fiscal stimulus.
The Japanese yen has already weakened significantly in response to policy changes, falling almost 21% against the U.S. dollar since the beginning of October and driving up the stock market. It has also lost ground against the euro and some Asian peers, raising concerns that Japan may be engaged in a race to the bottom to promote exports.

via CNN Money [2]

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Alfonso Esparza

Alfonso Esparza [7]

Senior Currency Analyst at Market Pulse [8]
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
Alfonso Esparza

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