ADB prez may head Japan central bank
26 Feb 2013 8:04 AM IST
Prime Minister Shinzo Abe is preparing to nominate Asian Development Bank President Haruhiko Kuroda to head Japan's central bank and help spearhead moves to revive growth in the world's third-biggest economy, local reports said.
The current Bank of Japan governor, Masaaki Shirakawa, will step down on 19 March, three weeks before his term ends.
Abe intends to formally propose his replacement to parliament this week so as to allow a smooth succession, said government spokesman Yoshihide Suga.
Suga would not confirm the reports that Kuroda is the leading candidate, saying there was no official decision yet.
‘The key is to return to the bold monetary policies advocated by the Abe administration,’ Suga told reporters. ‘We need to create an environment in which we can pursue those Abe policies.’
The current Bank of Japan governor, Masaaki Shirakawa, will step down on 19 March, three weeks before his term ends.
Abe intends to formally propose his replacement to parliament this week so as to allow a smooth succession, said government spokesman Yoshihide Suga.
Suga would not confirm the reports that Kuroda is the leading candidate, saying there was no official decision yet.
‘The key is to return to the bold monetary policies advocated by the Abe administration,’ Suga told reporters. ‘We need to create an environment in which we can pursue those Abe policies.’
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