From Japan's Nikkei in an article saying that:
Japan's government has approached Bank of Japan Deputy Gov. Masayoshi Amamiya as a possible successor to central bank chief Haruhiko Kuroda, people familiar with the matter said, The article adds:
The next BOJ
BOJ
The Bank of Japan (BOJ) is the central bank of Japan. It was established in 1882 and is headquartered in Tokyo.The BOJ's main responsibilities include issuing and managing the country's currency, implementing monetary policy, and ensuring the stability of the financial system. It also acts as a lender of last resort to banks during times of financial crisis. The BOJ sets the interest rate of the country and sets an inflation target, aiming to achieve 2% inflation.The BoO has a long history, with
The Bank of Japan (BOJ) is the central bank of Japan. It was established in 1882 and is headquartered in Tokyo.The BOJ's main responsibilities include issuing and managing the country's currency, implementing monetary policy, and ensuring the stability of the financial system. It also acts as a lender of last resort to banks during times of financial crisis. The BOJ sets the interest rate of the country and sets an inflation target, aiming to achieve 2% inflation.The BoO has a long history, with
Read this Term chief will be tasked with charting a path to normal monetary policy after the U.S. Federal Reserve and other peers have all raised interest rates to fight inflation
Inflation
Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m
Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m
Read this Term . Which seems to be the opinion of the article writer (or writers) not a quote from sources or the government or Amamiya. Amamiya and Kuroda are pretty much two peas in a pod, Amamiya won't be gung-ho in normalizing BOJ policy if he is appointed, he'd move slowly and cautiously I suspect.
USD/JPY has traded to 132.49, a three-week high in super-thin early Asia trade.
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The background to all this is the chatter that yes, the Bank will move towards trimming back its current ultra-easy policy once Kuroda departs. Bank of Japan Governor Kuroda's term end on April 8.