Tuesday, March 5, 2013
DJ: Abe Hopes BOJ Under Kuroda Would Move Ahead With Bold Monetary Easing
TOKYO--Japan's prime minister said Tuesday that he hopes the Bank of Japan's new leadership will act responsibly and ease monetary policy in a decisive fashion.
Once the government's nominees for the central bank's most senior positions win approval from parliament, "I hope the BOJ will act in a responsible way and undertake bold monetary loosening," Shinzo Abe said during a parliamentary session.
Mr. Abe also said he will keep possible changes to the law governing the central bank as a policy option for the future.
His remarks follow two days of confirmation hearings in parliament by Haruhiko Kuroda, president of the Asian Development Bank and nominee for the BOJ governor post, and the two who have been tapped to fill in two of the bank's deputy governor slots. Current BOJ Gov. Masaaki Shirakawa and his two deputies are set to resign later this month, handing over the bank's reins to new leaders.