Former economist Takata, exbanker Tamura join BOJ board
Takata, bond market expert, replaces dovish member Kataoka
New board members to hold briefing 0800 GMT Monday
TOKYO, July 25 Reuters The Bank of Japan has reshuffled its board and brought in a new member seen as more keen to end ultralow interest rates than his dovish predecessor, potentially tilting the board away from Governor Haruhiko Kuroda39;s aggressive monetary easing policy.
Former private economist Hajime Takata, and another newcomer Naoki Tamura who joins from a commercial bank, will hold a joint inaugural news conference at 5 p.m. 0800 GMT on Monday, following their official appointment by the government the day before.
They replace Goushi Kataoka, a former economist who was a vocal advocate of aggressive monetary easing, and former commercial banker Hitoshi Suzuki, whose fiveyear terms ended on July 23.
The reshuffle precedes a change in the BOJ leadership when Kuroda39;s second, fiveyear term ends in April next year. The terms of his two deputies will also expire in March.
Takata, a bond market expert, is considered by markets to be more open to dialing back Kuroda39;s prolonged and massive stimulus programme, which has been hailed for reviving growth but criticised for causing market distortions.
He once wrote in a research note that the BOJ could come under pressure to consider exiting its ultraloose policy if the European Central Bank ECB follows in the footsteps of the U.S. Federal Reserve…