Friday, 15 March 2013

Haruhiko Kuroda confirmed as Bank Of Japan governor

Haruhiko Kuroda









Japan's parliament has approved Haruhiko Kuroda as governor of the Bank of Japan, who is expected to push for monetary stimulus to boost growth in the world's third-largest economy.

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

Kuroda has said he will do whatever it takes to bring inflation up to 2%.

Japan has seen 20 years of intermittent falling consumer prices, which analysts say has hurt its economy.

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

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