Japan Upper House to hold confirmation hearings on new BoJ leaders Feb 27 – Reuters
|Citing sources, Reuters reported on Monday, Japan's Upper House of Parliament has scheduled confirmation hearings on government nominees for the new Bank of Japan (BoJ) governor and his two deputies on February 27.
On Tuesday, February 14, the Japanese Cabinet is expected to formally nominate academic Kazuo Ueda as the new BoJ Governor along with the two deputies at both houses of parliament.
Tetsuya Inoue, a former staff secretary to Ueda during his time as a Bank of Japan monetary policy board member, said that Ueda will likely let the data guide him on the exit timing.
Market reaction
USD/JPY has recaptured the 132.00 barrier on the above headlines. The pair is trading 0.51% higher on the day at 132.07, at the press time.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.