Japan's parliament OKs nominations for new BOJ leadership
Kyodo -- Mar 15

Japan's parliament approved on Friday the nominations of Haruhiko Kuroda for Bank of Japan governor and Kikuo Iwata and Hiroshi Nakaso for deputy chiefs, paving the way for further monetary easing to invigorate the deflation-beset economy.

The House of Councillors, the upper house, voted for the government's selection of Asian Development Bank President Kuroda, 68, Gakushuin University professor Iwata, 70, and BOJ Executive Director Nakaso, 59, despite the ruling coalition's lack of a majority in the chamber.

As Kuroda and Iwata, strong proponents of bold credit easing, have pledged to achieve a 2 percent inflation target within two years, criticizing the monetary policy under the present BOJ regime, they are expected to act swiftly after taking office next Wednesday, analysts said.

黒田東彦氏を次の日本銀行総裁とする政府提案の日銀人事案が、参議院でも承認されまし­た。

News source: Kyodo

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