Japan PM’s push for radical BOJ head meets resistance

The Japanese prime minister’s push for a governor who will lead a radical policy shake up at the Bank of Japan is meeting resistance from his own cabinet and financial bureaucrats, who fear extreme measures from the central bank may trigger a damaging rise in bond yields.

That tussle is testing Shinzo Abe’s resolve to push through with his pledge for an overhaul of the monetary policies that have so far failed to jump start Japan from years of economic malaise.

via Business feed http://www.scmp.com/business/economy/article/1145247/japan-pms-push-radical-boj-head-meets-resistance