Australian shares are poised to open higher; $US weighs on commodity prices; FTSE 100 hits record high. Follow updates here.
The Japanese government has approached Masayoshi Amamiya, the Bank of Japan’s deputy governor, about succeeding Haruhiko Kuroda as head of the central bank, the Nikkei reported, citing unnamed sources. The yen fell following the report.
The impending leadership change could usher in policy adjustments after years of full-bore stimulus. Speculation has simmered that such changes will accompany a new governor. The 67-year-old Amamiya and former Deputy Governor Hiroshi Nakaso have been seen by economists as front-runners for the post. If either of them get the post, it would return the position to a veteran central banker for the first time in a decade. Of the two, Nakaso is seen as slightly more hawkish on policy.
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