Before the financial bureaucratic WuTeng sensitive lang is to become the Japanese central bank governor main candidate, prime minister Shinzo Abe (Shinzo Abe) hope more radical policy makers are dying out.
Shinzo Abe will choose nominee earlier this week, a little bird process told Reuters. The prime minister says he will notice "soon" name, will need to confirm by parliament.
Shinzo Abe to lead a row back in December aggressive monetary and fiscal stimulus policy commitment, lifting the years of deflation troubled economy. He reiterated that he hopes the boj bold pursuit of loose monetary policy.
"I hope that the new governor of the bank of Japan who is people have pull Japan out of deflation strong determination and ability," he told parliament, propose to revise the law that the central bank's independence is possible, if the authorities did not take positive action enough.
And he said, to buy foreign bonds, many officials think is extreme measures, may be the bank of Japan's policy choice.
"I think through the nomination, this is likely to be made soon to reflect the government's determination to (beat deflation), shinzo Abe said."
He loose monetary policy to promote, prompting the central bank in the January to take its by far the most bold action, doubled to 2% inflation target, and agreed in 2014 from "open" asset purchase plan.
However, some policy makers and government officials worry, radical measures, may disrupt the financial markets, increase Japan's debt burden in industrialized countries, the highest.
The yen fell sharply, because shinzo Abe began to introduce the bold measures of the bank of Japan has aroused global attention to Japan's policy, although Tokyo in last weekend's G20 meeting avoided direct criticism.
Ratings agency standard &poor's emphasis on what is right, shinzo Abe, shares, if he failed policy combination. It reiterated minus the AA rating outlook to negative, this means that a chance, in the future fiscal year degradation.
This will need time to determine, if Abe's policy will, multiples on S&P said.
Not so radical
Suggestion choice WuTeng sensitive lang, 69 years old, the bank of Japan will strengthen to revive the economy's stimulation force degrees, but also show that it can avoid the other candidates advocated more radical measures.
"WuTeng sensitive lang choice seems to be gaining momentum, said:" choose one of the source of the familiar.
Mr Abe and his advisers have reduced the two or three areas of ultimate choice, in favor of the bureaucratic experience, and has ruled out the academia and the private sector economists say, several people familiar with the process. They do not want to give his name, because the decision remains to be discussed to keep privacy.
In shinzo Abe's ruling party, including financial minister Taro Aso (Taro Aso), feel the top central bank work should have strong management ability and negotiation skills.
WuTeng sensitive lang, current private think-tank and ZongYan chairman, has been regarded as a leading candidate, replace the President BaiChuan FangMing (Masaaki Shirakawa), 63 - year - old, who to step down and his two deputies on March 19.
He and the ruling party congress and past experience to fiscal policy and monetary policy has the close relation. He is the finance department bureaucracy and, as the deputy between 2003 and 2008.
He said, the bank of Japan's space, to improve its buy government bonds inject more money into the economy.
But WuTeng sensitive lang warned, underwriting government bonds, or printing money, directly from the government to buy bonds, rather than from the market, could backfire, cause the bond yields rise sharply, hinted that he will take a cautious attitude than the other candidates.
"WuTeng sensitive lang is considered to be one who will only follow the traditional practices, such as expanding the Japanese central bank asset purchase plan, this will only is a" enhanced "version, the traditional way," said dehong rattan east, senior investment strategists mitsubishi UFJ securities in Morgan Stanley.
He said: "we can't imagine WuTeng sensitive lang bold like to buy foreign capital, it may accelerate the yen down."
WuTeng sensitive lang may not at the top of the Abe's short list, including the Asian development bank head office President haruhiko kuroda, the Japanese currency before the tsar, and is chung, the former government economists lang, along the WuTeng sensitive as deputy central bank.
Shinzo Abe, iwata suggest to buy foreign bond is the bank of Japan's policy options. He thinks this is this step will remain sharp yen rise inspection.
Advocates say, by purchasing foreign bonds, the bank of Japan will sell yen in foreign currency, thus helping to weaken the yen, Japanese exporters competitive advantage. But to do this is to modify the law, the ministry of finance to the monetary policy shall be governed and quasi currency intervention, may draw G20 countries criticism.
In baihe, under the leadership of the central bank has cut interest rates close to zero, the economic capital injection, the policies. But he has been criticized stimulation have a cautious and gradualistic method.
 
 



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