TOKYO : Japan's lower house of parliament is set to vote on the government's nominees for new central bank governor and its two deputies at its plenary session on March 9, a senior ruling party lawmaker said on Thursday.Last month the government nominated Kazuo Ueda, an academic and a former Bank of Japan
TOKYO : Japan's lower house of parliament is set to vote on the government's nominees for new central bank governor and its two deputies at its plenary session on March 9, a senior ruling party lawmaker said on Thursday.
Unlike incumbent Governor Haruhiko Kuroda, who arrived with a clear mandate to beat deflation with massive stimulus, Ueda faces the delicate task of phasing out his predecessor's radical and complicated policy framework without derailing a fragile economic recovery. The lower house vote will be followed by one in the upper house on March 10, parliament sources told Reuters on Thursday.
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