Gov't To Name Bank of Japan Chief Next Month: Kishida

Prime Minister Fumio Kishida said Sunday, Jan. 22, 2023, that Bank of Japan (BOJ) Governor Haruhiko Kuroda will leave his post after his tenure ends in April, increasing the prospect that the government will submit to parliament its choice for his successor next month, Kyodo News reported.

Photo Insert: The Bank of Japan headquarters

The chief of the central bank "will be replaced," Kishida said on a television program, the clearest remark yet by the premier on the matter. "After deciding personnel affairs, (the government) will present to the Diet."

Kuroda, who has headed the BOJ since 2013, will end his current term on April 8. He will leave the next governor with several challenges including normalizing its monetary policy by charting an exit from years of large-scale monetary easing, Mainichi Shimbun also reported.

Sources from Kishida's Liberal Democratic Party (LDP) said recently that the government is considering presenting an appointment plan to parliament for the new governor next month.

Asked about the possible submission in February, Kishida told the program, "Considering parliament's schedule, I think it will be the case." The government will also seek approval for new deputy governors, whose appointments will likely be submitted at the same time.

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