Tuesday, July 25, 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
Gen Nicholson, Pak Army Chief discuss re...
Erdogan condemns metal detectors at Jeru...
Beijing urges ASEAN to oppose US interve...
Swiss chainsaw attacker still on loose i...
US Navy ship fires warning shots at Iran...
In favour of peace, but not at territori...
More...
 
INDIA WORLD ASIA
Kovind is 14th Prez of country; calls fo...
Court extends Judicial custody of Dileep...
China stocks fall as property, resource ...
Curfew-like restrictions imposed in SeK...
Pound up; Euro, USD down...
Girl killed as car falls into gorge...
More...    
 
 Top Stories
Odisha issues guidelines on immigra... 
Medha Patkar to go on indefinite fa... 
PM announces Rs 500 crore for flood... 
Renowned astrophysicist Yash Pal di... 
11 killed in Mumbai building crash ... 
Long jump champion Rutherford withd... 
Awareness drive soon for dengue, ch... 
Rain spells respite for Delhi resid...