BOJ Board Openings Give Noda Chance to Shape Stimulus
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Japan’s government will make two appointments to the central bank’s nine-member board in coming weeks, giving the administration scope to affect monetary policymaking as politicians press for greater stimulus.
A group of lawmakers yesterday told ruling-party policy chief Seiji Maehara the replacements should favor doubling the Bank of Japan’s inflation target and stepping up asset purchases. The five-year terms of board members Seiji Nakamura, 69, and Hidetoshi Kamezaki, 68, former executives in the shipping and trading-company industries, conclude April 4.