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2 nominated for BOJ policy board

Bloomberg TOKYO (Bloomberg) — The Diet nominated banker Hitoshi Suzuki and economic analyst Goshi Kataoka to the Bank of Japan policy board to replace two members whose terms are due to end in July.

Suzuki, 63, an audit board member of Bank of Tokyo-Mitsubishi UFJ, and Kataoka, 44, of Mitsubishi UFJ Research and Consulting Co., will replace Takahide Kiuchi and Takehiro Sato, who have been frequent dissenters to Gov. Haruhiko Kuroda’s monetary stimulus.

Their appointments require approval by both houses of parliament, where the ruling coalition has control.

There will be no change in the board for the next three policy meetings.

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