Yen weakens and stocks rise on expectations of Amamiya leading BOJ

Analysts see pick muting likelihood of early exit from easing

The Nikkei Stock Average finished higher Feb. 6 following the news that the Bank of Japan, pictured here in Tokyo, would not likely end its ultraloose monetary policy soon. © Reuters

Nikkei staff writers

February 7, 2023 02:18 JST

TOKYO -- The news that the Japanese government has approached Bank of Japan Deputy Gov. Masayoshi Amamiya as a possible pick for the central bank's next leader has analysts and investors expecting a gradual transition from easing under a veteran with a dovish reputation.

The process for choosing a successor to Gov. Haruhiko Kuroda, whose five-year term ends April 8, is entering the homestretch. The government is set to present nominations for the top post and the two deputy governors to parliament this month.