Two new appointees to the Bank of Japan monetary policy board are set to be appointed soon:
- Makoto Sakurai replaces Sayuri Shirai in April. Shirai was a dissenter in January on the negative interest rate decision
- Koji Ishida (also a January dissent) will be replaced in June
Reuters say the replacemetns will be 'more compliant' to Governor Kuroda's wishes, which
critics say could limit debate on his controversial policies and leave the bank vulnerable to government pressure to bankroll public debt
and
Some say they fear a return to the pre-1998 days when the BOJ had what insiders called a "sleeping board", government had a decisive influence on policy, and members rubber-stamped plans drafted by BOJ bureaucrats and presented by the governor
More at the Reuters article, here
"Resistance is futile"
