BOJ leadership nominees to testify in upper house Mar 6 and 7

TOKYO (Reuters) – Japan’s upper chamber of parliament will hold a confirmation hearing on March 6 for Bank of Japan Governor Haruhiko Kuroda, who has been nominated for another term, a ruling party lawmaker said on Friday.

His hearing is scheduled for 3-1/2 hours from 1 p.m. (0400 GMT), Junzo Yamamoto, head of the upper house steering committee told reporters.

A separate hearing for the two BOJ deputy governor nominees will be held from 1 p.m. to 4:30 p.m. on March 7, he added.

The lower chamber will also hold similar hearings later on Friday and Monday on the BOJ leadership.

The nominations need approval by both chambers, which is a near certainty as Prime Minister Shinzo Abe’s governing coalition holds a comfortable majority.

For the deputy posts, the government has tapped Masazumi Wakatabe, a Waseda University academic and an advocate of aggressive easing, and BOJ Executive Director Masayoshi Amamiya, a veteran central banker known for shaping monetary policy.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.