Economics
BOJ's Newest Board Member Sakurai to Cement Kuroda's Majority
- Sakurai, who has ties to reflationists, takes seat in April
- Replaces Shirai, board's only woman, who dissented in January
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Japan’s parliament approved Makoto Sakurai as a Bank of Japan board member, a move expected to strengthen Governor Haruhiko Kuroda’s support on the board.
Sakurai is an international finance researcher with ties to reflationalists such as Koichi Hamada, an adviser to Japan’s prime minister Shinzo Abe. He was confirmed by the upper house on Wednesday and will take his seat starting at the April policy meeting, replacing Sayuri Shirai, who dissented in January and is the only woman currently on the board.