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Japan Nominates Kataoka, Suzuki To BoJ Board

Japan's government nominated Goushi Kataoka, a private economist and banker Hitoshi Suzuki to the Bank of Japan's nine-member policy board on Tuesday.

Kataoka, an advocate of aggressive monetary easing and an economist at Mitsubishi UFJ Research and Consulting, and Suzuki, director for Bank of Tokyo-Mitsubishi UFJ, will replace Takahide Kiuchi and Takehiro Sato in July.

Kiuchi and Sato were dissenters of massive monetary stimulus at previous board meetings.

The nominations need to be approved by both houses of parliament.

by RTT Staff Writer

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