Week in FX Asia – Kuroda Nominated to BoJ Governor

Japanese Prime Minister Shinzo Abe nominated Asian Development Bank President Haruhiko Kuroda to lead the Bank of Japan. Kuroda has previously stated when he was in the running for the nomination that the 2 percent inflation target set by Abe was realistic and could be achieved in a 2 year timespan. Kuroda is a proponent of aggressive monetary easing, and will likely be an important ally of Prime Minister Abe in his attempts to kick-start the anemic Japanese economy

Kikuo Iwata, a professor at Tokyo's Gakushuin University and BOJ Executive Director Hiroshi Nakaso were nominated for the two deputy governor positions. Current Governor Masaaki Shirakawa and his deputies will step down on March 19.

 

USD/JPY – Yen Steady as Abe Chooses New BOJ Governor

Haruhiko Kuroda nominated as Bank of Japan Governor

CNY Yuan Passes Ruble in World Payments

JPY Consumer Prices Fall for Third Month in Japan

South-East...