- The Japanese government has govt nominated Yukitoshi Funo, an advisor to Toyota to succeed Yoshihisa Morimoto on the Bank of Japan's policy board
- Morimoto's term ends on June 30
Morimoto was one of the dissenters (in a 5-4 vote) on the October 31 BOJ decision to increase monetary stimulus
Note: Funo's nomination must be approved by parliament
(Abe's government coalition holds a majority in parliament.)
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Funo is seen as less likely to be a dissenter ... so if Kuroda wants more easing Kuroda shall get more easing ...
USD/JPY higher this morning in Tokyo:
