Japan's government has sounded out Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya to succeed incumbent Haruhiko Kuroda as central bank governor, the Nikkei newspaper reported early on Monday, citing anonymous government and ruling party sources.
The next BOJ chief will face the delicate task of normalising ultra-loose monetary policy, which is drawing increasing public criticism for distorting market function.
A career central banker who has drafted many of the BOJ's monetary easing tools, Amamiya has been seen by markets as a top contender to take over as next governor. Prime Minister Fumio Kishida's administration is in the final stages of deciding on Kuroda's successor along with two new deputy governors, and is in discussions with the ruling coalition about the process, the Nikkei said
The government's nominees will be presented to parliament later this month and take effect upon approval by both houses of parliament, which is effectively a done deal due to the ruling coalition's solid majority in the Diet.
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