Quantcast
Latest Stories

Japan eyes ADB chief to head central bank — reports



TOKYO—Asian Development Bank president Haruhiko Kuroda is seen as the leading candidate to become Japan’s next central bank governor, local media reported on Saturday.

The government is strongly considering nominating Kuroda, 68, as the next Bank of Japan chief to succeed Masaaki Shirakawa, Kyodo News said, quoting sources familiar with the matter.

The Asahi Shimbun also reported that one of its government and finance ministry sources said: “Mr. Kuroda is the first candidate.”

Incumbent BoJ governor Shirakawa, who disagreed with new Prime Minister Shinzo Abe on policy matters, is to step down on March 19, several weeks before the end of his term.

The appointment of the central bank governor requires parliamentary approval. As the ruling coalition lacks a majority in the upper house, Abe has said he would seek support from the opposition in picking Shirakawa’s successor.

Abe told a news conference on Friday in Washington that his government would start picking nominees on Monday after concluding his US trip during which he held talks with President Barack Obama.

Kuroda spent decades as a Japanese finance ministry bureaucrat. He was responsible for international affairs and foreign exchange policy between 1999 and 2003 before assuming the post of ADB head in 2005.

Kuroda, a former vice finance minister for international affairs, is known as an advocate of aggressive monetary easing to overcome Japan’s deflation, a stance in line with Abe’s economic policy, Kyodo said.

Among other candidates are another former vice finance minister Toshiro Muto, and Kazumasa Iwata, head of a policy think-tank. Both Muto and Iwata used to serve as deputy governor of the central bank.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: ADB , Asian development bank , Banking , Japan



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Malaysia, Flight 370 relatives talk financial help
  • Celebrating Easter and creativity in New York
  • Man wins half marathon, dies in Argentina
  • Clouds to bring slight relief from summer heat
  • Canadians rally to legalize marijuana
  • Sports

  • Reigning champs Miami open playoffs with win
  • Spurs subdue Mavericks in playoff opener
  • Wawrinka beats Federer to win Monte Carlo Masters
  • Ageless Hopkins pitches 50-50 Mayweather deal
  • Goodbye MGM, Las Vegas for Pacquiao?
  • Lifestyle

  • Miss America: Don’t suspend teen over prom invite
  • Transitions and resurrection in the performing arts
  • ‘Archaeology tour’ of Cebu’s heritage of faith
  • Historic Fort Bonifacio tunnel converted into a septic tank
  • ‘Imports’ from London, and play of the year
  • Entertainment

  • ‘Captain America’ stays strong atop US box office
  • Easter musings
  • Solenn in shorts
  • Unmerry mix of attention-calling moves on ‘Mini-Me’ TV tilts
  • Persistence pays off for The 1975
  • Business

  • BDO seen keen on bidding for Cocobank
  • Bataan freeport investment pledges up 1,302%
  • Golden Week
  • Bourse to woo Cebu stock mart investors
  • Supper power
  • Technology

  • Nintendo’s trailblazing Game Boy marks 25th anniversary
  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Opinion

  • Gigi’s home
  • Palace stonewalls on MRT inquiry
  • Couple of things too
  • There is plenty of water behind Wawa Dam
  • Triduum thoughts of a young boy
  • Global Nation

  • Obama on mission to quiet Asia skeptics
  • Search for Etihad passengers launched
  • Japan presents $57-B ‘dream plan’ to solve Metro congestion
  • Tim Tebow’s charity hospital in Davao seen to open in 7 months
  • OFW died of Mers-CoV in Saudi Arabia, says family
  • Marketplace