Japan parliament approves Kuroda's reappointment

Japan's parliament approved Haruhiko Kuroda for a second term as Bank of Japan (BOJ) governor on Friday, Lower House Speaker Tadamori Oshima said.

The central bank governor has been approved for another five-year term after his current one ends in April, reports Reuters.

Masazumi Wakatabe, an academic known as a vocal advocate of aggressive easing, and career central banker Masayoshi Amamiya will become Kuroda’s deputies next week.

The nominees were approved during a lower house plenary session, following approval by the upper house.

Japan Prime Minister Shinzo Abe’s ruling coalition holds a comfortable majority in the both chambers.