Yesterday's policy decision by the Bank of Japan was passed by a 7 to 2 vote
Takahide Kiuchi and Takehiro Sato were the "2", as they pretty much usually were.
But yesterday was their last meeting, their respective terms are up and they've been replaced.
Says Bloomberg:
- They will be replaced by two people widely seen as unlikely to challenge Kuroda or oppose pushing policy further.
- "Their opinions and dissent added a dimension to the board's discussions, and it was a relief to market participants to know the BOJ was discussing the costs of its stimulus," said Masamichi Adachi, a senior economist at JPMorgan Chase & Co. and a former BOJ official.
Bloomberg graphic, and the full article is here if you'd like more.
