Japan nominates Harada - dovish - to be BoJ member

FXStreet (Bali) - Japan has nominated Yutaka Harada to be Bank of Japan board member. According to Yujiro Goto, FX Strategist at Nomura, "the nomination of Mr Harada would be regarded as a clear sign of Prime Minister Abe’s strong support for Governor Kuroda’s accommodative policy stance. Market expectations for BOJ easing are likely to remain high, which would continue to support USD/JPY this year."