This March, Japanese Prime Minister Shinzo Abe are going to have take a big advancement in his plan toward a healthier Japanese Economy, as Bank of Japan's governor Masaaki Shirakawa decided to resign his position just earlier this month. His replacement will be appointed during the same day, with the three potential names all share the same mindset with the Prime Minister regarding monetary policies.
The three candidates for the positions are the head of the Japan Centre for Economic Research Kazusama Iwata, the head of Asian Development Bank Haruhiko Kuroda and the finance-ministry veteran Toshiro Mutoh, who is currently considered the favorite.
While each candidate has his own difference focuses and tactics, all three of them have the same mindsets that Mr.Abe requires for such position in his campaign. While the hope of the Prime Minister has been fulfilled sooner than he expected, the effects of his bold approach remains to be seen. Nevertheless, this event could very well be a big step ahead for the Japanese Economy in the future.
http://www.economist.com/news/finance-and-economics/21571464-accelerated-handover-may-bring-new-thinking-japans-central-bank-regime-change
No comments:
Post a Comment