HomeEconomyBank of Japan's dovish deputy Amamiya top candidate for next governor: Reuters... Economy Bank of Japan's dovish deputy Amamiya top candidate for next governor: Reuters poll By inew September 21, 2022 0 78 views Share FacebookTwitterPinterestWhatsApp Multiple STD -1.% Add to Watchlist/Remove from Watchlist Add to watchlist Add Location Job added successfully: Please name your holdings folder type: purchase Sell date: quantity: price Viewpoint value: Leverage: 1:11: 1: 1: 111: 10 1: 19 1: 11 1: 10 1: 25 Committee: 8187 CREATE NEW WATCH LIST CREATE 10008056 1000 Create a New Holding Portfolio Add Add Create80562023 8056 + add another Position Closing MUFG -1.% 400 Add to/Remove from watchlist ) Add to watchlist Add Location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price Integral value: Leverage: 1:1 1: 1: 1: 1: 1: 11 1: 13 1: 19 1: 72 Committee: 2016 CREATE NEW WATCH LIST CREATE1000 8056 CREATE A NEW HOLDING PORTFOLIO ADD CREATE 2013 + Add another position to close ) by Leika Kihara TOKYO (Reuters) – In a Reuters poll of economists, the dovish Bank of Japan deputy Governor Masatoshi Amamiya is at the top of the list of candidates to become the bank’s next president, suggesting he remains the market’s favorite to replace current president Haruhiko Kuroda. The government has chosen Kuroda Haruhiko’s successor, whose term will end in April next year. How long it takes to phase out the massive stimulus he deployed a decade ago is critical. of to a Reuters poll conducted on September 8 Economist who responded – , select Amamiya as the most likely to be the next Candidates for the Bank of Japan governor, the competition will intensify in the coming months. Amamiya is considered dovish in the market on monetary policy, earning the nickname “Mr.” The Bank of Japan” to orchestrate many of the bank’s unconventional monetary easing measures. As Kuroda’s right-hand man, he has been calling for maintaining monetary policy Unchanged ultra-loose to ensure Japan continues to escape deflation. Former Deputy Governor Nakazhuang Bo came second with seven votes. With his role in the Central Bank Expertise in affairs, he is a safe hand. Unlike Tengu, Nakakusa’s career at the Bank of Japan has focused on markets and International affairs, not monetary policy. has long been touted as a front runner in the BOJ leadership race, given Japan’s fragile The economy and the need to keep costs low, neither Amamiya nor Nakaso will rush to tighten monetary policy, say analysts, to fund their huge public debt. However, compared to Amamiya, Nakaso is seen as more inclined to dial back the aggressive stimulus measures of Kuroda, who in a book published earlier this year detailed how the BOJ ended its ultra-easy policy. “The next governor will face the challenge of ascension Mitsubishi UFJ (NYSE: chief bond strategist Naomi Muguruma said: MUFG) 1000200 Morgan Stanley (NYSE: 2016 MS ) securities. “It requires the expertise and strength of technologists Dec. Muguruma, a senior BOJ observer, said that this makes Amamiya becomes a strong candidate. The dark horse candidate Masatsugu Asakawa, the current head of the Asian Development Bank (ADB), won one vote. Same as Kuroda Haruhiko , Asakawa became ADB president after serving as Japan’s top monetary diplomat. A decision is expected early next year and the Prime Minister will make the final The decision is spoken in the selection. The two deputy governor positions also need to be filled by current Tiangong and former scholar Masaru Wakata, their five-year The term will end in March next year. was personally selected by then Prime Minister Shinzo Abe, Kuroda Haruhiko was in Deployed a massive asset purchase program to push inflation up to the BOJ’s 2% target. The BOJ has resumed targeting after years of massive money printing failed to push up prices) rate policy with a 0% cap – Annual output. Although rising raw material costs and a weak yen have recently pushed Japan Consumer inflation pushed above 2%, but Kuroda has ruled out rate hikes until wages and domestic demand grow Accelerate enough to make the price increase sustainable. In a broader survey, economists expect core CPI to rise to 2.4% this fiscal year before decelerating to 1.2% this fiscal 72. [ECILT/JP] The Bank of Japan’s dovish stance makes it an exception in a wave of global central banks tightening monetary policy in response to soaring inflation . Some analysts say the Bank of Japan has seen the Bank of Japan grow amid growing concerns about the side effects of prolonged easing, such as a hit to profits at financial institutions. The leadership transition could trigger a policy shift away from ultra-low interest rates. “The Bank of Japan’s ultra-easy monetary policy will not change despite Haruhiko Kuroda at the helm,” Chief Economist Takeshi Minami said in a statement. Agriculture and Forestry Institute. ” but in the new leadership Banks can reassess their outlook on inflation and their thinking on monetary policy.” (Additional coverage of the Reuters Global Economic Survey: ) 1000 Share FacebookTwitterPinterestWhatsApp Previous articleExclusive-Maroil takes over most of Venezuela's petcoke tradeNext articleHalf of economists say Japan unlikely to intervene in weak yen – Reuters poll inewhttps://inew.news RELATED ARTICLES Economy Japan keeps growth focus but hints at fiscal generosity to end crisis mode June 8, 2023 Economy Column – One-off rate hike 'skip' will be Fed first: McGeever June 7, 2023 Economy Lira plunges more than 7% as Türkiye moves toward free market June 7, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Each team’s best prospect in Rookie ball June 8, 2023 Japan keeps growth focus but hints at fiscal generosity to end crisis mode June 8, 2023 'Ted's Lasso' Star Brendan Hunt Hints at Ted and Rebecca's Romance in Season 3, Possible Spinoff: 'Anything Is Possible' June 8, 2023 Tribeca Festival celebrates co-founder's 80th birthday with 'De Niro Con' June 8, 2023 Load more Featured NEWS Whole Wheat Blueberry Pancakes August 23, 2022 Berlin: “20,000 species of bees”, “Totem” are independent jury winners February 25, 2023 Robert Brown, 'Here Comes the Bride' actor, dies at 95 October 4, 2022 More evidence that COVID-19 started in Wuhan market August 30, 2022 Load more