Tokyo, Jan 22 (SocialNews.XYZ) The Japanese government will nominate the successor to outgoing Bank of Japan (BOJ) Governor Haruhiko Kuroda in February for the parliament approval, Prime Minister Fumio Kishida said on Sunday.
Kishida said on a TV program broadcast that Kuroda will leave his post when his current term ends in April, adding that the BOJ's longest-serving chief will be replaced, Xinhua News Agency reported.
Asked if an appointment proposal will be submitted to the Diet, the country's parliament, in February, Kishida said, "Considering parliament's schedule, I think it will be the case."
The government will also seek approval for new deputy governors, whose appointments will likely be submitted at the same time. Under the Japanese law, the cabinet appoints the BOJ's governor and two deputy governors after obtaining approval from the Diet.
Kuroda, who has headed the central bank since 2013, will reach the end of his term on April 8, while the term of the two deputies, Masayoshi Amamiya and Masazumi Wakatabe, will end on March 19.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz