• Japan’s Lawmaker: BOJ chief nominee Ueda to testify before the Upper House on Feb 27

Market news

21 February 2023

Japan’s Lawmaker: BOJ chief nominee Ueda to testify before the Upper House on Feb 27

Junichi Ishii, head of the Japanese Parliament’s Upper House steering committee, said on Tuesday that the Upper House will hold a confirmation hearing for the Bank of Japan (BoJ) governor nominee, Kazuo Ueda, on February 27.

Ishii added that the Upper House will hold a confirmation hearing for nominees for BoJ’s two deputy governors on February 28.

Note that the country’s Parliament Lower House is set to hold a confirmation hearing on the government nominees for the Bank of Japan (BoJ) governor and deputies on February 24.

Market reaction

USD/JPY is keeping its rebound intact at around 134.40, adding 0.12% on the day, as of writing.

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