Japan government nominates Nomura Asset CEO Junko Nakagawa for BOJ board: document

[TOKYO] The Japanese government on Tuesday picked Nomura Asset Management chief executive Junko Nakagawa to join the Bank of Japan's nine-member board, a document presented to parliament showed.

Mr Nakagawa would replace Takako Masai, who has consistently voted with the majority of the board while also calling for more debate on the rising cost of prolonged monetary easing.

The nomination needs approval of the both houses of parliament to take effect.

Mr Nakagawa would assume the post after Ms Masai serves out her five-year term on June 29.

REUTERS