Article source
Financial Times
Article date
Thu, Feb 15, 2018
Japan is set to sustain its monetary stimulus for another five years after Haruhiko Kuroda was renominated as governor of the Bank of Japan, with a noted dove for one of his deputies.
Prime Minister Shinzo Abe sent nominations for the top three jobs at the BoJ to the steering committee of parliament’s lower house on Friday. The jobs require confirmation by both houses of parliament.
The reappointment would make Mr Kuroda the first person to serve a second term at the BoJ since 1961. By giving the architect of Japan’s monetary stimulus another five years, Mr Abe has signalled a renewed commitment to an escape from deflation.
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