“I have not heard anything about nomination of Amamiya as BoJ Governor,” said Japan's Finance Minister Shunichi Suzuki per Reuters.

Also read: Japan sounds out BoJ deputy Amamiya for central bank governor

The policymaker further added that he won’t comment on each candidate for BoJ Governor.

“Aware of media report overnight that Government arranging to nominate Amamiya,” stated Japan FinMin Suzuki.

Japan’s Suzuki also stated that he has been “out of the loop” on BoJ nomination.

USD/JPY grinds higher

Following the news, the USD/JPY pair defends Friday’s recovery moves around 131.85, up nearly half a percent intraday.

It’s worth noting that Bank of Japan (BoJ) Governor Haruhiko Kuroda is up for leaving his place in April 2023 and hence the rush for the next BoJ leader is active. Also highlighting the importance of the discussions are the latest pressure on the BoJ policymaker to shift from the ultra-easy monetary policy.