The Lower House of parliament on Thursday approved the government's nominees for central bank governor and deputy governors, signing off on a new leadership that will be tasked with steering a smooth exit from ultraloose monetary policy.
The Upper House will vote on the nominations on Friday. Approval by the two chambers has been seen as a done deal as the ruling coalition holds a majority of seats in both houses.
With the approval, government nominee Kazuo Ueda will officially succeed incumbent BOJ Gov. Haruhiko Kuroda, whose second, five-year term ends on April 8.
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