BOJ Critic Iwata Gains Traction as Minor Japan Parties Back Him
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Two opposition parties said they will support Kikuo Iwata for Bank of Japan deputy governor, reducing the risk that Prime Minister Shinzo Abe will fail to win confirmation for all three of his central bank nominees.
The endorsements put Iwata above the threshold needed to win confirmation in the upper house of parliament, provided lawmakers follow their party’s recommendations. The main opposition Democratic Party of Japan yesterday said it would vote against Iwata while supporting Haruhiko Kuroda as central bank governor and Hiroshi Nakaso for the other deputy post.