Haruhiko Kuroda reappointed as Bank of Japan chief


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