BOJ gov candidate says inflation target top goal

TOKYO (AP) ? The veteran financial diplomat nominated to become the next governor of Japan's central bank says that achieving the government's 2 percent inflation target as soon as possible would be his top priority.

Haruhiko Kuroda, currently president of the Asian Development Bank, told lawmakers Monday that ending the deflation that is seen as a major obstacle to sustainable growth would be his "most important mission" as governor of the Bank of Japan.

Kuroda's appointment to replace the current BOJ governor, Masaaki Shirakawa, when he steps down on Mar. 19 must be approved by both houses of the parliament.

The ruling Liberal Democrats have a majority in the lower house, but must win support from the opposition Democratic Party to gain his approval in the upper house.

Source: http://news.yahoo.com/boj-gov-candidate-says-inflation-target-top-goal-024908614--finance.html

John Orozco Garrett Reid shawn johnson Tony Sly Lauren Perdue tagged Heptathlon