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Tokyo to nominate next Bank of Japan chief

Published on Feb 28, 2013 6:05 AM
 
Japan's Prime Minister Shinzo Abe (R) and Finance Minister Taro Aso prepare to leave the upper house of the parliament hall after the parliament enacted a supplementary budget for fiscal 2012, in Tokyo Feb 26, 2013. Tokyo is set to name the next governor of the Bank of Japan and his two deputies on Thursday as the government ramps up its bid to breathe new life into the world's third-largest economy.  -- FILE PHOTO: REUTERS

TOKYO (AFP) - Tokyo is set to name the next governor of the Bank of Japan and his two deputies on Thursday as the government ramps up its bid to breathe new life into the world's third-largest economy.

Prime Minister Shinzo Abe was widely expected to nominate Haruhiko Kuroda, head of the Asian Development Bank (ADB), for the top central banker post, asking parliament to greenlight his appointment over the coming weeks.

The job is a key post globally, the equivalent of US Federal Reserve Chairman Ben Bernanke or European Central Bank chief Mario Draghi.

The vacancy comes as Abe's administration has leaned on the central bank to further loosen its monetary policy and help realise a goal of stoking growth in Japan's deflation-plagued economy.

 
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