BOJ Picks Submitted to Parliament

TOKYO—Japanese Prime Minister Shinzo Abe moved a step closer Thursday to having a proponent of his aggressive monetary easing policies become head of the Bank of Japan, after the government submitted its nominee for the top job to parliament.

The nominations for new BOJ leadership handed by cabinet to a parliamentary committee included Asian Development Bank President Haruhiko Kuroda for governor, setting the stage for a vote in two weeks' time.

In addition to Mr. Kuroda, a longtime advocate of inflation targeting, the cabinet nominated academic Kikuo Iwata—a harsh critic of past BOJ policies—as one of his two deputies. Hiroshi ...

View the original article here