Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Japan PM to work on BOJ head nomination next week

02/22/2013 | 07:08pm US/Eastern
Recommend:
0

Japanese Prime Minister Shinzo Abe said on Friday he plans next week to seek the backing of a junior coalition partner, the New Komeito party, and opposition parties over the nomination of a new Bank of Japan governor.

"I'll be back in Japan on Sunday. From around Monday, I want to make headway on new governor and deputy governors," Abe told a news conference in Washington.

"Next week, I would like to ask for help from opposition parties, notify candidates ... and work to win endorsement from New Komeito," he said.

Abe did not say who he had in mind for the nomination.

Abe has made clear he wants to replace BOJ Governor Masaaki Shirakawa, who steps down with two deputies on March 19, with someone who agrees with the prime minister's push for aggressive monetary policy measures to escape the deflation that has plagued Japan for decades.

Abe needs support from opposition parties because his Liberal Democratic Party-led bloc lacks a majority in parliament's upper house, which must approve the nominees.

"I understand different parties have different ideas. But I would like to start talking with them - the Democratic Party, Your Party, Japan Restoration Party and others," Abe said in reference to opposition parties.

(Reporting by Kiyoshi Takenaka; Editing by David Brunnstrom)

Recommend :
0
React to this article
Latest news
Date Title
<1m ago DON QUIJOTE : CVS/Longs, Times Supermarkets, Don Quijote and Marukai Markets to Distribute KonaRed
<1m ago SAFEWAY : Anthem Wins Vertex Awards International Retail Brand Design Competition
<1m ago MARANI BRANDS : Reports Distribution License Approval
1m ago Two executives at units of state-run China Resources detained - newspaper
3m ago NOVARTIS' : INSTEAD study for Onbrez® Breezhaler® in patients with moderate COPD meets primary objective
3m ago China urban jobless rate edges down to 4.08 percent at end - March
4m ago ARCADIS : improves margin while growing revenues organically
4m ago Shane Oliver of AMP Capital explains why investors should remain overweight on equities.
4m agoDJSingapore Industrial-Output Growth Slows Slightly in March
5m ago OPHIR ENERGY : *traders: ubs raises ophir energy to 'buy' ('neutral')
Latest news
Advertisement
Hot News 
Successful share buyback for capital reduction
SUMMIT ASCENT : BofAML lifts Summit Ascent to HK$18
Exclusive - Apple, Google agree to pay over $300 million to settle conspiracy lawsuit
UNDER ARMOUR : Navient, Under Armour Set to Join the S&P 500; SLM, PolyOne to Join S&P MidCap 400; Aceto to Join S&P SmallCap 600
UNITED CONTINENTAL : On the web
Most Read News
1d ago AMAZON : revenue increases even as spending rises
1d ago Visa says revenue growth to slow, Russia sanctions hurting volumes
1d ago BANK OF AMERICA : U.S. Justice Department seeks over $13 billion from BofA: Bloomberg
1d agoDJUNITED PARCEL SERVICE : UPS to Take Pre-Tax Charge on New Labor Contract -- 3rd Update
1d ago Exclusive - Apple, Google agree to pay over $300 million to settle conspiracy lawsuit
Most recommended articles
1d ago Asian shares, dollar struggle on Ukraine anxiety
1d ago Healthcare deal hopes push FTSE to seven-week closing high
3d ago Barclays joins retreat from commodities as new rules bite
<1m ago Two executives at units of state-run China Resources detained - newspaper
3m ago China urban jobless rate edges down to 4.08 percent at end - March
Dynamic quotes  
ON
| OFF