Kuroda named BOJ governor

Editorial Team
Editorial Team
Kuroda named BOJ governor

Haruhiko Kuroda is the new governor of the Bank of Japan (BoJ), after Japan’s parliament approved his appointment.

The upper house cleared Mr Kuroda he won approval from the lower house on Thursday.

Mr Kuroda, 68, is expected to push for monetary stimulus to boost growth in the world’s third-largest economy.

He has vowed to “do whatever it takes” to achieve Japanese Prime Minister Shinzo Abe’s ambitious two percent inflation target.

Japan has seen nearly 20 years of deflation.

The upper house also voted to approve the appointment of Kikuo Iwata and Hiroshi Nakaso as deputies to Mr Kuroda, who is leaving his current job as president of the Asian Development Bank.

Image: © Getty

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The Editorial team at APAC Outlook Magazine is a team of professional in-house editors led by Jack Salter, Head of Editorial at Outlook Publishing.