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Looming BOJ board reshuffle has a Mizuho problem

Central bank watchers seek signs of policy direction as Kuroda's term winds down

Two Bank of Japan policy board members are slated to exit in July 2022, creating openings for Prime Minister Fumio Kishida to fill.

TOKYO -- As the government considers replacements for two Bank of Japan policy board members, recent oversight and system failures at Mizuho Bank are complicating what will be a closely watched bellwether of monetary policy and even who will next lead the central bank.

Hitoshi Suzuki and Goushi Kataoka are set to leave the BOJ's nine-member board next July. The seat held by Suzuki typically rotates between the nation's three megabanks: Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group.

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