Kuroda, Governor of the Bank of Japan, "No Intention to Resign Early Before Term Ends"

[Asia Economy Reporter Kiho Sung] Haruhiko Kuroda, Governor of the Bank of Japan, stated on the 17th that he has no intention of resigning before the end of his term.

According to Japanese media, Governor Kuroda said at a press conference held after a two-day monetary policy meeting in the afternoon, regarding Prime Minister Shinzo Abe's resignation, "(I) have no intention of quitting midway," expressing his intention to serve out his term until April 8, 2023.

Governor Kuroda took office on March 20, 2013, shortly after the launch of the second Abe administration, and was reappointed once, supporting the economic policy pursued by the Abe Cabinet, known as "Abenomics," through large-scale monetary easing.

Critics of Abenomics within Japan have raised concerns about this and are voicing that Governor Kuroda should also step down following Prime Minister Abe's resignation.

However, Yoshihide Suga (菅義偉), the new Prime Minister who pledges to succeed the Abe administration, plans to continue Abenomics by significantly increasing liquidity supply through the central bank while stimulating the economy with fiscal spending and growth strategies.

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