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Economy

Abe nominates monetary dove to Bank of Japan board

Adachi's appointment underscores government's commitment to continued expansion

Abe dismissed requests from the BOJ and the government that the board include more people with business experience. (Photo by Takaki Kashiwabara)

TOKYO -- Japanese Prime Minister Shinzo Abe's government has nominated an advocate of aggressive monetary easing to the Bank of Japan's policy board, underlining his faith in the efficacy of monetary policy in reversing the country's entrenched deflation.

The government put forward Seiji Adachi, a former Deutsche Securities economist, to replace outgoing board member Yutaka Harada, another advocate of easy money.

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