Member access

4-Traders Homepage  >  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

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 :
React to this article
Latest news
Date Title
1m ago REVANCE THERAPEUTICS : Top Gainers Technical Coverage -- Research on Bitauto Holdings, Intrexon, MoneyGram Intl., and Revance Therapeutics
1m agoDJNo Current Need for ECB to Act on Low Inflation, Nowotny Says
1m ago Canada moves to phase out old rail cars; won't wait for U.S
2m ago UPS Increases its Joining Forces Hiring Commitment to 50,000
3m ago CHINA UNICOM HONG KONG : Analysts View on Diversified Telecommunication Equities -- Research on CenturyLink, Cincinnati Bell, BCE Inc., and China Unicom Hong Kong
3m ago FMC TECHNOLOGIES : Reports First Quarter 2014 Diluted Earnings per Share of $0.57
3m ago PETROCHINA : Shenzhen LNG terminal project faces environmental obstacles
3m ago ROYAL DUTCH SHELL A : Russia to support Shell's Sakhalin-2 project
3m ago TERUMO : Gynesonics Names Christopher M. Owens President, Chief Executive Officer
3m ago JOHNSON MATTHEY : Barkerville Announces The First Month Mining Update, Five Gold Dor Bars Poured
Latest news
Hot News 
MATRA PETROLEUM : EGM Statement – Cancellation of trading on AIM
RTC : Board Appointment
ZOTEFOAMS : Unilever to use Zotefoams's MuCell® Extrusion technology for its Dove Body Wash Bottles in Europe
IRONVELD : Shares Jump 26% As Study Confirms Viability Of Iron Project
OROGEN GOLD : Full-Year Pretax Loss Widens On Impairment
Most Read News
1h ago Wall St. edges down after six-day S&P rally; AT&T falls
1d ago GENERAL MOTORS : GM seeks U.S. court protection against ignition lawsuits
1d ago MCDONALD : Yum Brands' China restaurant sales improve, shares rise
9h ago VERIZON COMMUNICATIONS : : 2014 Data Breach Investigations Report Identifies More Focused, Effective Way to Fight Cyberthreats
1d ago ETHAN ALLEN INTERIORS : Reports results for quarter ended march 31, 2014
Most recommended articles
6h ago Global share rally peters out, euro lifted by PMI boost
26m ago Weaker FTSE 100 gets support from ABF and AstraZeneca
1d ago Barclays joins retreat from commodities as new rules bite
6d ago BLACKSTONE : earnings rise 30 percent, boosted by private equity gains
1m ago Canada moves to phase out old rail cars; won't wait for U.S
Dynamic quotes