Japan’s lower house approves Ueda as next BOJ chief

TOKYO: Japan’s lower house of parliament on Thursday approved the government’s appointment of Kazuo Ueda as next central bank governor. The upper house will vote on the nomination on Friday.

Approval by the two chambers has been seen as a done deal as the ruling coalition holds majority seats in both houses.

BOJ to keep yield cap, ultra-low rates at Kuroda’s last policy meeting

With the approval, Ueda will officially succeed incumbent BOJ Governor Haruhiko Kuroda whose second, five-year term ends on April 8.