Abe's mentor says BOJ needs fresh face as Kuroda is out of ideas

Tokyo

HARUHIKO Kuroda shouldn't serve another term as governor of the Bank of Japan (BOJ) because the central bank will need fresh ideas as it moves toward exiting years of unprecedented monetary easing, according to an adviser to the prime minister.

"An exit will surely come up within the next five years and we need someone who can prepare for it," said Nobuyuki Nakahara, a former BOJ board member. "He will fall into inertia and struggle to come up with bold new ideas. It's the same in the private sector when a corporate president stays too long," he added.