This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Japan to Tap Kuroda to Head Central Bank: Reports

NEW YORK ( TheStreet) -- Japan's prime minister is expected to nominate Asian Development Bank President Haruhiko Kuroda to take the reins at the nation's central bank, according to published media reports.

Citing anonymous sources, Reuters and The Wall Street Journal reported Sunday that the government planned to appoint Kuroda, a proponent of an expansionary monetary policy, to be chief of the Bank of Japan.

The selection of Kuroda, who oversaw the finance ministry's currency policy in the early 2000s, would fulfill Prime Minister Shinzo Abe's December pledge to appoint a central banker who would dramatically increase the nation's money supply, the Journal reported.

Such a move would increase the number of yen in circulation and drive down its value, making Japanese exports more attractive in world markets.

Abe's chief spokesman declined to comment, the Journal reported. Kuroda also declined to comment, the newspaper reported.

This article was written by a staff member of TheStreet.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs