Tuesday, May 30, 2017
News

Japan's lower house approves Shinsei Bank executive Masai to BOJ board

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

TOKYO | Thursday, May 12 2016 IST
 
Japan's lower house of parliament gave its approval on Thursday for Takako Masai, an executive at Shinsei Bank Ltd and an advocate of aggressive monetary easing, to join the Bank of Japan's policy board.Masai, a 51-year-old executive officer of the Japanese commercial bank and an expert on currency markets, would replace former commercial banker Koji Ishida, who voted against the BOJ's decision in January to deploy negative interest rates.Ishida's five-year term expires on June 29.Masai's addition would give Governor Haruhiko Kuroda - who faced a razor-thin 5-4 vote in January - a firmer grip on board members if he were to expand monetary stimulus further.The move followed the appointment last month of academic and reflationist Makoto Sakurai to the BOJ's policy board, replacing Sayuri Shirai, another dissenter from the bank's decision to adopt negative rates.The government nominee looks set to be approved by the upper house on Friday, given the ruling coalition's solid majority in both houses of parliament. The nomination needs approval from both chambers.REUTERS AKC RAI0944

-- (Reuters) -- C-1-1-DL0432-728149.Xml

Watch News Videos

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
 
MORE WORLD NEWS
ISIS claimed car bomb kills 10 in Baghda...
Trump's policies weakened the West: Germ...
Trump visits Arlington National Cemetery...
Tiger Woods arrested for drunken driving...
Massive evacuations in B'desh as Cycloni...
N. Korea claims missile launch to be suc...
More...
 
INDIA WORLD ASIA
Skill India Mission: Rural women turning...
Subhash Ghai launches Amish Tripathi's '...
Congress condemning Kerala's incident a ...
DDCA defamation case: Delhi Court to con...
Delhi HC to continue hearing in vector-b...
Nagaland: Five injured in grenade blast...
More...    
 
 Top Stories
2 Pakistani troopers killed in army... 
George Clooney feels people can mak... 
Storm kills 11 in Moscow... 
Legendary sports commentator Frank ... 
ISIS claimed car bomb kills 10 in B... 
Macron meets Putin, warns over Syri... 
We should err on the side of humani... 
Twitter suspends singer Abhijeet Bh... 
 
Weather in Delhi