The Japanese government has reappointed Bank of Japan governor Haruhiko Kuroda for a further 5-year term. His current term was to end in April 2018. The government has also nominated Masazumi Wakatabe, a professor at Waseda University and an advocate of aggressive monetary easing, as deputy governor. The other deputy governor’s post went to executive director Masayoshi Amamiya, a veteran central banker known for masterminding various monetary policy steps. The reappointment of Kuroda comes at a crucial time for Japanese and global markets, which have been rattled in recent weeks on expectations major central banks will whittle down their crisis-mode stimulus.
