Japan government plays hardball with BoJ

Japan's central bank policy board nominee was rejected by parliament in a sign the government wants more radical thinkers working on monetary policy.

By Dan Bland

Apr 18, 2012

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Japan’s parliament rejected a nominee for the Bank of Japan’s (BoJ) policy-making board on April 5 for being too conservative on monetary policy. The move shows the Japanese legislature is willing to go beyond public statements to directly pressure the BoJ board of governors to further ease monetary policy.

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