Economy

Japan Govt Planning to Name Next BOJ Governor in Early Feb.

Reuters file photo
Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, Japan, December 19, 2019.

Jiji-Press

15:55 JST, January 18, 2023

TOKYO (Jiji Press) — The government is planning to notify the Diet in early February or later of its nominees for the next governor and deputy governors of the Bank of Japan, several ruling party sources said Tuesday.

The government is considering presenting the nominations at executive meetings of the steering committees of both chambers of the Diet on or around Feb. 10, the sources said.

The incumbent Bank of Japan governor, Haruhiko Kuroda, is slated to end his tenure on April 8, while the terms of deputy governors Masayoshi Amamiya and Masazumi Wakatabe will expire on March 19.

The central bank’s governor and deputy governors are appointed by the Cabinet after both Diet chambers give approval.

The government is slated to present its nominations for the central bank and other posts during this year’s ordinary Diet session, which will start on Jan. 23.

At a press conference on Tuesday, Finance Minister Shunichi Suzuki said that a schedule to present nominations is expected to be fixed while Diet proceedings are arranged.