Japan may nominate two reflationists to BoJ board
Japan may nominate two reflationists to BoJ board according to an after-hours article in the Nikkei Asian Review. Waseda University professor Wakatabe, along with BoJ Executive Director Amamiya, could be promoted to deputy governor roles. Wakatabe is known for advocating "bolder monetary easing" and Amamiya has worked closely with Kuroda. The moves might accompany the reappointment of Kuroda as BoJ governor. The news appears to have contributed to the sharp upswing in USD-JPY from 106.15 lows to clear 106.75, though the deadline for the appointments is reportedly Friday Tokyo time and they could still face political resistance from others in the Abe administration.