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Kuroda to Face Lawmakers’ Votes on Day After BOJ Policy Meeting

Japanese lawmakers will vote on Haruhiko Kuroda’s selection as central bank governor for a second time on April 5, a day after his first policy board meeting ends.

Kuroda will attend the lower chamber of the Diet, which is dominated by Prime Minister Shinzo Abe’s Liberal Democratic Party, the chamber’s steering committee chairman Genichiro Sata told reporters today.

The upper house will also vote that day, according to an official in the ruling coalition and an opposition Democratic Party of Japan lawmaker, both of whom asked not to be named because the scheduling has not been made public.

Mitsuru Sakurai, policy chief of the DPJ, the largest group in the upper house, has said he wants to observe the results of this week’s policy board meeting before deciding whether the party will support Kuroda staying in the role.

Kuroda was confirmed by both houses of parliament last month to serve the final weeks of his predecessor’s term, and a second approval is needed for a full five-year period. His first policy board meeting starts today.

To contact the reporters on this story: Takashi Hirokawa in Tokyo at thirokawa@bloomberg.net; Isabel Reynolds in Tokyo at ireynolds1@bloomberg.net

To contact the editor responsible for this story: Peter Hirschberg at phirschberg@bloomberg.net

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