Japan's LDP race throws wrench into post-Kuroda BOJ preparations
Markets wait for indication from next administration on monetary policy stance
Haruhiko Kuroda, front, has held Japan's monetary policy steady for more than eight years. It will be up to the next prime minister to replace him. Leading contenders are, from left, Taro Kono, Fumio Kishida and Sanae Takaichi. (Source photos by Nikkei, AFP/Jiji and Kyodo)
Japan's next prime minister will have to appoint a replacement for BOJ Gov. Haruhiko Kuroda, who since the spring of 2013 has been running an aggressive yen-printing operation as he seeks to raise the country's stubbornly flat inflation rate to 2%.
His term is coming to an end in April 2023, and who will be Kuroda's replacement is a question that had vexed Yoshihide Suga ever since he became prime minister one year ago.