Hiroshi Nakaso takes up APEC advisory post at BOJ

• Hiroshi Nakaso accepted a position organizing an APEC advisory council-sponsored financial conference.
• He did not address the selection process for the new central bank governor.
• Uncertainty remained regarding whether his decision will impact the nomination process.

Hiroshi Nakaso, a former deputy governor of the Bank of Japan (BOJ), who is widely seen as a strong candidate to lead the country’s central bank, said that he has accepted a position organizing an APEC advisory council-sponsored financial conference.

Late on Thursday, Nakaso did not address the selection process for the new central bank governor who will succeed outgoing Haruhiko Kuroda, whose tenure ends on April 8. Nakaso was speaking at a fintech symposium.

Uncertainty remained regarding Nakaso’s action and its potential impact on the nomination process for Kuroda’s replacement.

“I’m a member of ABAC, APEC’s Business Advisory Council, a private-sector panel, which will handle the issue of transition of finance, I’m going to serve as the chairman of a task force to deal with financial issues,” Nakaso said.

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