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Bank of Japan

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

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.

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