net_left adver left

Factbox-Who are candidates to become next BOJ governor?

Tuesday, June 14, 2022
Factbox-Who are candidates to become next BOJ governor? © Reuters. FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO (Reuters) - Japan's selection of a new central bank governor is likely to intensify after an upper house election in July and could determine how quickly the country will follow global counterparts in withdrawing monetary stimulus.

Prime Minister Fumio Kishida will decide from a short-list, usually crafted by financial bureaucrats, a successor to Bank of Japan governor Haruhiko Kuroda whose second five-year term ends in April next year.

The two deputy governor posts, currently filled by career central banker Masayoshi Amamiya and academic Masazumi Wakatabe, will also open up in March.

Below are possible candidates for the post:

MASAYOSHI AMAMIYA - VERY STRONG CONTENDER FOR GOVERNOR

Currently deputy governor, Amamiya has spent most of his career at the central bank drafting monetary policy ideas and is nick-named "Mr. BOJ" for masterminding many of the bank's unconventional monetary easing ideas.

He played a key role in drafting Kuroda's huge asset-buying programme in 2013 and consistently called for keeping ultra-low interest rates.

An avid fan of classical music, Amamiya is known for his deep contacts with lawmakers and bureaucrats that help him read which way the political wind is blowing in steering policy.

HIROSHI NAKASO - VERY STRONG CONTENDER FOR GOVERNOR

A career central banker who served as deputy governor until 2018, Nakaso played a key role in navigating an exit from the BOJ's first spell of quantitative easing in 2006.

With long experience overseeing the BOJ's market operations and international affairs, Nakaso has repeatedly warned of the drawbacks of prolonged monetary easing such as the distortion its huge presence could create in bond and money markets.

MASATSUGU ASAKAWA - STRONG CONTENDER FOR GOVERNOR

Like Kuroda, Asakawa moved up the ranks at the finance ministry and became Japan's top financial diplomat in 2015, a job he kept for four years during which he battled a strong yen and engaged in tough negotiations with then U.S. President Donald Trump's administration.

After retiring from the ministry, he became president of the Asian Development Bank in 2020 - a job Kuroda also took before becoming BOJ governor.

In his book, Asakawa praised Kuroda's stimulus programme as a right move to beat deflation. He also said yen declines would be harder to stop than yen rises via currency intervention, because the amount of foreign currencies Japan can sell to prop up the yen would be limited to the size of its foreign reserves.

DARK HORSE CANDIDATES

Traditionally, the BOJ and the finance ministry take turns filling the central bank governor post, holding the post for only a single five-year term. That broke when Kuroda was appointed in 2018 to serve a second five-year term.

If history is any guide, the next BOJ governor would be chosen from central bank ranks. But there is a chance Kishida opts for a dark horse candidate.

Among names floated by analysts are Columbia University professor Takatoshi Ito, who is close to Kuroda, and former top currency diplomat Takeo Nakao.

Given Kishida's close ties with the finance ministry, he may hand-pick a former top bureaucrat from the institution, though there is no consensus on who could be among strong candidates.

SHINICHI UCHIDA - POSSIBLE DEPUTY GOVERNOR

A career central banker who spent most of his career at the elite monetary affairs department, Uchida is a rising star who landed a rare reappointment for a second, four-year term as the BOJ's executive director overseeing monetary policy.

Many analysts see the reappointment as a sign he could fill one of the two deputy governor posts.

Together with Amamiya, Uchida played a key role in drafting many of Kuroda's policies including the introduction of negative interest rates and yield curve control in 2016.

People who know him say Uchida is a firm believer that the BOJ must maintain ultra-loose monetary for the time being to reflate growth and tighten the job market enough so that wages rise more.

TOKIKO SHIMIZU - POSSIBLE DEPUTY GOVERNOR

Currently the BOJ's executive director overseeing international affairs, Shimizu is among the few female central bankers who rose up the ranks in the male-dominated institution.

While her career at the BOJ centred on international and market affairs rather than monetary policy, Shimizu is considered a dark horse candidate as deputy governor or even governor if Kishida wants more diversity in the BOJ leadership.

No female has yet served as BOJ deputy governor or governor.

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
27-06-2022 22:36:02 (UTC+7)

EUR/USD

1.0612

+0.0058 (+0.55%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

EUR/USD

1.0612

+0.0058 (+0.55%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

GBP/USD

1.2307

+0.0045 (+0.37%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (1)

Sell (5)

USD/JPY

135.15

-0.01 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (8)

Sell (1)

AUD/USD

0.6948

-0.0001 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (2)

USD/CAD

1.2875

-0.0018 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (6)

EUR/JPY

143.43

+0.77 (+0.54%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

1.0128

+0.0019 (+0.18%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Gold Futures

1,823.45

-6.85 (-0.37%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (7)

Sell (3)

Silver Futures

21.282

+0.123 (+0.58%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (9)

Sell (1)

Copper Futures

3.7853

+0.0408 (+1.09%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (11)

Sell (0)

Crude Oil WTI Futures

109.37

+1.75 (+1.63%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

110.81

+1.71 (+1.57%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (11)

Sell (0)

Natural Gas Futures

6.322

+0.041 (+0.65%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (4)

US Coffee C Futures

220.92

-2.33 (-1.04%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (9)

Sell (1)

Euro Stoxx 50

3,539.95

+6.78 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (2)

S&P 500

3,918.73

+6.99 (+0.18%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (6)

DAX

13,188.05

+69.92 (+0.53%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (0)

FTSE 100

7,254.69

+45.88 (+0.64%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (6)

Hang Seng

22,229.52

+510.46 (+2.35%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

US Small Cap 2000

1,778.30

+15.84 (+0.90%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (2)

IBEX 35

8,249.93

+5.83 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (1)

BASF SE NA O.N.

42.835

+0.620 (+1.47%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (1)

Bayer AG NA

59.35

+1.56 (+2.70%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (5)

Allianz SE VNA O.N.

181.68

+0.48 (+0.26%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Adidas AG

172.54

+2.18 (+1.28%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Deutsche Lufthansa AG

5.992

+0.026 (+0.44%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (0)

Siemens AG Class N

104.32

+1.70 (+1.66%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Deutsche Bank AG

8.880

-0.039 (-0.44%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (10)

Sell (0)

 EUR/USD1.0612↑ Buy
 GBP/USD1.2307Neutral
 USD/JPY135.15↑ Buy
 AUD/USD0.6948↑ Buy
 USD/CAD1.2875↑ Sell
 EUR/JPY143.43↑ Buy
 EUR/CHF1.0128↑ Sell
 Gold1,823.45↑ Sell
 Silver21.282Buy
 Copper3.7853↑ Buy
 Crude Oil WTI109.37↑ Buy
 Brent Oil110.81↑ Buy
 Natural Gas6.322Neutral
 US Coffee C220.92↑ Buy
 Euro Stoxx 503,539.95↑ Buy
 S&P 5003,918.73Neutral
 DAX13,188.05↑ Buy
 FTSE 1007,254.69↑ Sell
 Hang Seng22,229.52↑ Sell
 Small Cap 20001,778.30Buy
 IBEX 358,249.93↑ Buy
 BASF42.835↑ Buy
 Bayer59.35Sell
 Allianz181.68↑ Buy
 Adidas172.54↑ Buy
 Lufthansa5.992↑ Buy
 Siemens AG104.32↑ Buy
 Deutsche Bank AG8.880↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,775/ 6,845
(15/ 5) # 1,667
SJC HCM6,790/ 6,860
(5/ -5) # 1,683
SJC Hanoi6,790/ 6,862
(5/ -5) # 1,685
SJC Danang6,790/ 6,862
(5/ -5) # 1,685
SJC Nhatrang6,790/ 6,862
(5/ -5) # 1,685
SJC Cantho6,790/ 6,862
(5/ -5) # 1,685
Cập nhật 27-06-2022 22:36:04
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,822.14-8.81-0.48%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V33.47034.130
RON 95-III32.87033.520
E5 RON 92-II31.30031.920
DO 0.05S30.01030.610
DO 0,001S-V30.81031.420
Dầu hỏa 2-K28.78029.350
ↂ Giá dầu thô thế giới
WTI$108.24-2.81-2.66%
Brent$110.82-2.77-2.57%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.080,0023.390,00
EUR23.932,6125.273,13
GBP27.815,2929.001,83
JPY167,64177,48
KRW15,5718,97
Cập nhật lúc 18:53:21 27/06/2022
Xem bảng tỷ giá hối đoái
adver main right