Japan’s government has reappointed Bank of Japan Governor Haruhiko Kuroda for another term and chose an advocate of bolder monetary easing as one of his deputies, a sign the central bank will be in no rush to dial back its massive stimulus program.
The government also submitted to parliament its nomination of Masazumi Wakatabe, a professor at Waseda University and an advocate of aggressive monetary easing, as deputy governor.
Static/Current Takeaways Important for Canara Bank PO 2018 Exam-
- The Bank of Japan (BOJ) is the central bank of Japan.
- Headquarters of BOJ: Tokyo, Japan.
- The Bank of Japan was established under the Bank of Japan Act (promulgated in June 1882) and began operating on 10th October 1882, as the nation’s central bank.
Source- The Hindu Business Line