MNI BRIEF: Upper House To Hold BOJ Hearings On Feb 27, 28

The government will conduct hearings for the Bank of Japan nominees at the Upper House’s steering committee on Feb. 27 and 28, a Diet Official said.

Japan's government on Feb. 10 officially nominated Kazuo Ueda, an economist and former BOJ board member, as the BOJ’s next governor to replace Haruhiko Kuroda, whose term ends on April 8. (See MNI POLICY: Ueda's YCC Concerns Hint At BOJ Policy Shift)

The government also nominated Shinichi Uchida, the BOJ executive director in charge of monetary policy, and Ryozo Himino, former chief of the Financial Services Agency, to deputy governors. The terms of BOJ Deputy Governors Masayoshi Amamiya and Masazumi Wakatabe end on March 19.

The Upper House hearing on Ueda's nomination will start at 13:10 JST (0445 GMT) on Monday and the hearing on the two deputy governors will start at 10:00 JST (0100 GMT) on Tuesday. The government will conduct hearings for the BOJ nominees at the Lower House’s steering committee on Feb. 24.