TOKYO :Former Bank of Japan Deputy Governor Hiroshi Nakaso, seen as a leading contender to become the new central bank chief, said he has taken up a post heading a financial conference under the Asia-Pacific Economic Cooperation advisory council.
"I'll do my best to achieve valuable outcomes," said Nakaso, who is also chairman of the Organization of Global Financial City Tokyo, a group of public and private entities working to raise Tokyo's profile as a financial hub.A career central banker who served as deputy governor until 2018, Nakaso has repeatedly warned of the drawbacks of prolonged monetary easing such as the distortion its huge presence could create in bond and money markets.
"Nothing has been confirmed," Suzuki said on who the government could choose as the next BOJ governor. "If he was asked to become BOJ governor, Nakaso probably won't decline the offer," said Yasunari Ueno, chief market economist at Mizuho Securities.
Too many acronyms.
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