Japanese Prime Minister Fumio Kishida said Sunday that he would take into account the economic situation in April when choosing the next governor of the Bank of Japan (BOJ).
However, the designation needs the approval of both houses of parliament to take effect. Therefore, the administration has to make a decision much earlier to give the parliament time to follow the procedures and approve Kishida's choice before Kuroda's term expires.
"The BOJ and the government have been working as one to achieve economic growth that involves structural wage hikes and reach the price-stability target stably and sustainably," Kishida said. "This basic stance won't change."
