Muto leads as Japan PM close to choosing nominee for BOJ chief

Former top financial bureaucrat Toshiro Muto is the leading candidate to become Japan’s next central bank governor with Prime Minister Shinzo Abe to pick a nominee as early as this week, sources close to the process told Reuters.

The choice of Muto, 69, would suggest the Bank of Japan will intensify stimulus efforts to reflate the economy, which has struggled with deflation for years, but refrain from the more radical measures advocated by other candidates.

via Business feed http://www.scmp.com/business/economy/article/1152954/muto-leads-japan-pm-close-choosing-nominee-boj-chief