The Liberal Democratic Party-led government will nominate Asian Development Bank President Haruhiko Kuroda as the next Bank of Japan governor and scholar Kikuo Iwata as one of two deputy governors, official sources said Monday.
Both prospective nominees back Prime Minister Shinzo Abe's focus on aggressive monetary easing to defeat deflation.
During a meeting, Abe informed Natsuo Yamaguchi, leader of New Komeito, of his intention to nominate Kuroda, 68, as BOJ chief, and Gakushuin University professor Iwata, 70, and BOJ Executive Director Hiroshi Nakaso, 59, as the central bank's two deputies, the sources said.