Japan has reappointed central bank chief Haruhiko Kuroda for another term, amid heightened anxiety in Japanese and global financial markets.
The government on Friday nominated Kuroda, a 73-year-old former finance ministry bureaucrat, to serve another five-year term when the current one ends in April.
That would make him the longest serving BOJ head in half a century, a sign of premier Shinzo Abe’s confidence in the governor’s ability to pull Japan’s economy out of stagnation, reports Reuters.
Japan government also submitted to parliament its nomination of Masazumi Wakatabe, a 52-year-old Waseda University academic and an advocate of aggressive easing, as deputy governor.
The choice of Wakatabe could complicate Kuroda’s task of engineering a slow but steady exit from the BOJ’s stimulus.
The other deputy governor post went to BOJ Executive Director Masayoshi Amamiya, a veteran central banker known for masterminding various monetary policy steps.