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2 vacancies on BOJ Board filled - but the risk of 'groupthink' heightens

Two new appointees to the Bank of Japan monetary policy board are set to be appointed soon:

  • Makoto Sakurai replaces Sayuri Shirai in April. Shirai was a dissenter in January on the negative interest rate decision
  • Koji Ishida (also a January dissent) will be replaced in June

Reuters say the replacemetns will be 'more compliant' to Governor Kuroda's wishes, which

critics say could limit debate on his controversial policies and leave the bank vulnerable to government pressure to bankroll public debt

and

Some say they fear a return to the pre-1998 days when the BOJ had what insiders called a

More at the Reuters article, here

" Resistance is futile"

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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