Posts tagged 'Kikuo Iwata'

Japan’s DPJ not so sure about Iwata… and possibly Kuroda, too

Excitement about an imminently more pro-active BoJ might take a bit of a tumble on this news out of Tokyo late yesterday.

From the Japan Times:

The Democratic Party of Japan said Tuesday it will support Asian Development Bank President Haruhiko Kuroda as the next Bank of Japan governor but will oppose Gakushuin University professor Kikuo Iwata’s nomination as one of the two BOJ deputy governors because of his extreme stance on monetary policy.

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Kuroda’s BoJ nomination is go

As was widely tipped early this week, Asian Development Bank president Haruhiko Kuroda has been nominated for Bank of Japan governor, while academic Kikuo Iwata and Hiroshi Nakaso, a BoJ official, were put forward for the two deputy governor roles.

It wasn’t a big surprise: as the FT reports, the yen briefly weakened to 92.6 from 92.4 on the news, before regaining that loss. Read more