“Japan’s prime minister is likely to nominate an advocate of aggressive monetary easing – Asian Development Bank President Haruhiko Kuroda – as the next central bank governor to step up his fight to finally rid the country of deflation. The yen fell on the nomination news to a 33-month low and the yield on five-year government bonds hit a record low as markets moved to factor in bolder monetary policy. Kuroda has long criticized the BOJ as too slow to expand stimulus, and is expected to push for more radical efforts to achieve a 2 percent inflation target set in January.”
http://www.reuters.com/article/2013/02/25/us-japan-economy-boj-nikkei-idUSBRE91N0DD20130225
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