BOJ’s new chiefs expected in parliament

The two newly appointed deputy governors of the Bank of Japan are set to participate in parliamentary debates on Wednesday, marking their first appearance since taking office last week. This was confirmed by a lower house lawmaker, who revealed that Shinichi Uchida and Ryozo Himino will be present at the lower house financial affairs committee from 1:40 am to 2:20 am GMT and from 4:00 am to 4:40 am GMT respectively. The parliamentary staff member also confirmed these timings.

The debates will also feature outgoing governor Haruhiko Kuroda, according to the lawmaker. It is expected that the new deputy governors will face questions on the bank’s monetary policy, especially with regards to its ongoing efforts to support the Japanese economy amid the COVID-19 pandemic.

The Bank of Japan plays a crucial role in managing the world’s third-largest economy, and its policies have far-reaching implications for global financial markets. As such, the debates on Wednesday are expected to be closely watched by investors and economists alike.

This is the first major event for the new deputy governors, who were appointed by Prime Minister Yoshihide Suga earlier this month. Their performance in the parliamentary debates will be closely scrutinised as they settle into their new roles at the central bank.