Japan taps ADB head for top central bank post
- Published: 28 Feb 2013 at 10.43
- Online news: World
Prime Minister Shinzo Abe Thursday nominated an experienced finance veteran to lead the Bank of Japan, selecting a kindred spirit who backs his hard-driving agenda to reverse decades of economic gloom.
Asian Development Bank president Haruhiko Kuroda, shown November 29, 2011. Haruhiko Kuroda, set to be tapped as the next head of the Bank of Japan on February 28, 2013, is a finance veteran who has long pushed for the kind of monetary easing demanded by Japan's new government to stoke growth.
Abe's pick of Haruhiko Kuroda, the head of the Asian Development Bank who has blasted the central bank for not doing enough to lift the economy, will likely see a fresh drive for more spending and aggressive monetary easing.
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