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The Japan News/Yomiuri
The Japan News/Yomiuri
Business
The Yomiuri Shimbun

Diet endorses economist Ueda as next central bank governor

The Diet gave the green light for economist Kazuo Ueda to become the next governor of the Bank of Japan after the House of Councillors approved the government's pick on Friday.

The upper house also approved the appointments of Ryozo Himino, 62, a former commissioner of the Financial Services Agency, and Shinichi Uchida, 60, a BOJ executive director, as BOJ deputy governors, with a majority of votes mainly from lawmakers of the Liberal Democratic Party and its ruling coalition partner Komeito.

Diet procedures for the appointments have been now completed, following the approval by the upper house and House of Representatives on Thursday.

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