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Bank of Japan

Japan's lower house approves Ueda as next BOJ chief

Upper chamber to vote Friday for replacement to Kuroda, who steps down April 8

Kazuo Ueda, nominee to lead the Bank of Japan after incumbent Gov. Haruhiko Kuroda steps down next month. (Photo by Uichiro Kasai)

TOKYO (Reuters) -- Japan's lower house of parliament on Thursday approved the government's nominees for the next central bank governor and deputy governors, signing off on a new leadership that will be tasked with steering a smooth exit from ultra-loose monetary policy.

The upper house will vote on the nominations on Friday. Approval by the two chambers has been seen as a done deal as the ruling coalition holds majority seats in both houses.

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