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Japan govt picks reflationist proponent Harada for BOJ board
February 5, 2015 / 3:42 AM / 3 years ago

Japan govt picks reflationist proponent Harada for BOJ board

TOKYO, Feb 5 (Reuters) - The Japanese government has nominated academic Yutaka Harada, a proponent of aggressive steps to end deflation, to join the Bank of Japan’s nine-member policy board, a government document showed on Thursday.

Harada, 64, would replace Ryuzo Miyao, a 50-year-old former academic and a policy dove whose five-year term expires in March. Miyao supported additional monetary easing in a 5-4 vote in October.

The Waseda University professor’s nomination must be approved by parliament, where Prime Minister Shinzo Abe’s coalition holds a strong majority. (Reporting by Tetsushi Kajimoto and Sumio Ito; Editing by Chris Gallagher)

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