Haruhiko Kuroda nominated for second term at Bank of Japan helm
Tokyo — Japan’s government nominated Haruhiko Kuroda for a second term as central bank governor Friday, handing the veteran finance chief more time to battle deflation and kick-start the world’s number-three economy. Kuroda’s nomination was among those submitted to the parliament in a document seen by reporters, and had been widely expected. Handpicked by Shinzo Abe to steer the former economic powerhouse out of a dangerous cycle of falling prices, Kuroda has guided the key monetary plank of the prime minister’s vaunted "Abenomics" economic policy. Now 73, the former president of the Asian Development Bank is on course to become the longest-serving Bank of Japan governor if he completes his second five-year term. Kuroda took the helm in March 2013 with a mandate to deploy what was called a monetary "bazooka" to stoke life into the moribund Japanese economy. He has overseen a policy of ultra-aggressive monetary easing, adopting in January 2016 the central bank’s first-ever negative i...
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