TOKYO (Reuters) – The government of Japan has sounded out Bank of Japan Vice-Governor Masayoshi Amamiya to succeed Haruhiko Kuroda as central bank governor, the newspaper reported early on Monday (local time), citing anonymous government and ruling party sources.
The next BC governor will be tasked with putting the central bank on the path of normalizing monetary policy with the aim of achieving stable economic growth, the Nikkei added.
The government stepped up coordination with ruling parties before finalizing a proposal to present nominees for the next central bank governor and its two vice-presidents, the paper said.
Kuroda’s five-year term ends on April 8. Amamiya and Masazumi Wakatabe are currently serving as vice presidents, but their five-year terms end on March 19.
Nominations require the approval of both Houses of Parliament, which is basically guaranteed due to the ruling coalition’s solid majority.
(Reporting by Daniel Leussink)