The Bank of Japan has reshuffled its board and brought in a new member seen as more keen to end ultra-low interest rates than his dovish predecessor, potentially tilting the board away from Governor Haruhiko Kuroda's aggressive monetary easing policy.
Former private economist Hajime Takata, and another newcomer Naoki Tamura who joins from a commercial bank, will hold a joint inaugural news conference at 5 p.m. on Monday, following their official appointment by the government the day before.
Takata, a bond market expert, is considered by markets to be more open to dialing back Kuroda's prolonged and massive stimulus programme, which has been hailed for reviving growth but criticised for causing market distortions.
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