The government plans to appoint Kiyohiko Nishimura, an economics professor at the University of Tokyo, to the Bank of Japan's policy-setting panel in April, government officials said Wednesday.

Nishimura, 51, will succeed Kazuo Ueda, whose five-year term on the nine-member Policy Board expires April 7, the officials said.

The Cabinet will formalize the appointment after gaining the approval of the House of Representatives and the House of Councilors, they said.

Nishimura, also an executive research fellow at the Economics and Social Research Institute in the Cabinet Office, is versed in theoretical economics and economic statistics.