January 28, 2025 04:01 GMT
MNI BRIEF: Japan Govt Nominates Koeda For BOJ Board
MNI (SYDNEY) - Japan's government on Tuesday nominated Junko Koeda, a professor at Waseda University, as the replacement for Bank of Japan Board Member Seiji Adachi, whose term ends on March 25, Nikkei reported.
Koeda's appointment will represent the first time two women have sat simultaniously among the BOJ's nine members.
Both the Upper and Lower houses of the Diet will need to approve Koeda's appointment.
Toyoaki Nakamura, the sole dissenter during last week's vote to hike the policy rate 25 basis points to 0.5%, will end his term on June 30. (See MNI BOJ WATCH: Ueda Flags More Hikes, No Clear Timeline)
Keep reading...Show less
100 words