Japanese prime minister nominates new rate-setters

bankofjapan

The prime minister of Japan, Yoshihiko Noda, on June 11 put forward two new nominees to fill the empty spots on the Bank of Japan's nine-member policy board, it was widely reported.

Takahide Kiuchi, formerly of Nomura Securities, and Takehiro Sato, of Morgan Stanley MUFG Securities, now await confirmation from both houses of the Japanese parliament.

The process of replacing Hidetoshi Kamezaki and Seiji Nakamura, both former business executives whose terms as policy decision-makers expired in

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