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Yen Retreats After Report Amamiya Approached to Become BOJ Chief

  • Nikkei report refuted by government spokesman Isozaki
  • Amamiya seen as closest to a continuity candidate by investors
Bloomberg business news
Japan Approaches Amamiya for BOJ Governor, Nikkei Says
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The Japanese government has approached Bank of Japan Deputy Governor Masayoshi Amamiya about succeeding Haruhiko Kuroda at the helm of the central bank, according to a Nikkei report that sent the yen tumbling. 

Japan’s deputy government spokesman later refuted the report, saying it wasn’t based on fact, but the currency remained weaker suggesting that at least some investors believed it had substance.