Abe picks Kuroda to head Bank of Japan

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Shinzo Abe, the prime minister of Japan, has nominated Haruhiko Kuroda, the current president of the Asian Development Bank (ADB), to replace Masaaki Shirakawa as governor of the Bank of Japan.

The ADB today announced that Kuroda has submitted his resignation. Kuroda has been at the helm of the ADB since February 2005, and previously served as Japan's vice-minister of finance for international affairs.

Abe also nominated the two deputy governors – Kikuo Iwata, a professor at Gakushuin University

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