Haruhiko Kuroda approved as new Bank of Japan governor

15 March 2013

Haruhiko Kuroda has received approval from the Japanese parliament to become the new governor of the Bank of Japan.

Having been cleared by the upper house today (15 March) and by the lower house yesterday, Mr Kuroda is expected to try and boost growth in the world's third-largest economy by pushing for monetary stimulus.

In addition to approval being granted to Mr Kuroda - who currently serves as the president of the Asian Development Bank - Kikuo Iwata and Hiroshi Nakaso have been named as the new governor's deputies following the upper house vote.

Prime minister Shinzo Abe nominated all three men, with Mr Kuroda in particular supporting Mr Abe's proposals of increased government spending and an easing of monetary policy.

Yoshihide Suga, main spokesman for the Japanese government, said it is likely that the trio of new appointees will "play the role of helmsmen for the bold monetary policy that the prime minister is pursuing".

By Tony Aynsley

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