Bank of Japan to be reshuffled next year

Source: Bloomberg
© Scanpix/RS
Next year Shinzo Abe will have an opportunity to replace or reappoint members of the BOJ, as their service term is nearing the end. Since the last vote on expansion of the asset purchases was only 5-4 in favour, the Prime Minister may be inclined to change some of the members who oppose ultra easy monetary policy. However, the concerns of the Parliament with respect to the weakening Yen and along with it rising import prices continue to grow, and the lawmakers may not let Shinzo to gain more support within the monetary authority.
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