Abe set to reappoint BOJ Gov. Kuroda for second term

Bank of Japan (BOJ) governor Kuroda is set to be the first governor to serve two terms since 1954. 

Reports are doing the rounds that Prime Minister Shinzo Abe is set to nominate Haruhiko Kuroda to lead the Bank of Japan for another five years. 

The Japan News quotes a source as saying that Abe is determined that Kuroda’s skills are still needed to bring about an end to deflation, a top goal of the Abe Cabinet. The Bank of Japan governor’s term is five years and Kuroda’s tenure will likely be extended until April 8, 2023. 

Kuroda keeping the top job at the BOJ means the central bank is unlikely to join the G-7 tightening bandwagon anytime soon.