From Japan's Nikkei in an article saying that:
- Japan's government has approached Bank of Japan Deputy Gov. Masayoshi Amamiya as a possible successor to central bank chief Haruhiko Kuroda, people familiar with the matter said,
The article adds:
- The next BOJ chief will be tasked with charting a path to normal monetary policy after the U.S. Federal Reserve and other peers have all raised interest rates to fight inflation .
Which seems to be the opinion of the article writer (or writers) not a quote from sources or the government or Amamiya. Amamiya and Kuroda are pretty much two peas in a pod, Amamiya won't be gung-ho in normalizing BOJ policy if he is appointed, he'd move slowly and cautiously I suspect.
USD/JPY has traded to 132.49, a three-week high in super-thin early Asia trade.
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The background to all this is the chatter that yes, the Bank will move towards trimming back its current ultra-easy policy once Kuroda departs. Bank of Japan Governor Kuroda's term end on April 8.
