Market experts foresee little change in BOJ posture for now
Jiji -- Feb 19
Financial market experts foresee little change in the Bank of Japan's policy posture at least for the time being after its new leaders take office in spring.

The government presented to the Diet, the country's parliament, plans to reappoint Governor Haruhiko Kuroda for another five-year term and replace the current two deputy governors with Waseda University professor Masazumi Wakatabe and BOJ Executive Director Masayoshi Amamiya.

The selection of the three "came as no surprise," said Ryutaro Kono, chief economist at BNP Paribas Securities (Japan) Ltd.

The central bank is widely expected to maintain its current monetary policy, including massive asset purchases, in the foreseeable future.

Amamiya is well-versed in practical affairs, while Wakatabe is seen supporting Kuroda as a reflationist who seeks to spark inflation through massive monetary stimulus, said Shinichiro Kobayashi, senior analyst at Mitsubishi UFJ Research and Consulting Co.

News source: Jiji
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