Mr Kuroda is currently the head of the Asian Development Bank and is seen as a supporter of aggressive monetary easing to help revive Japan's economy.

 

The government, which recently won a general election, wants the Bank of Japan to do more to boost growth.

 

Both the upper and lower houses of Japan's parliament will now need to vote and approve the nomination³.

 

Kikuo Iwata and Bank of Japan official Hiroshi Nakaso were also nominated to serve as the central bank's deputy governors.

 

 

Prime Minister Shinzo Abe won the general election on a platform of promises to help revive Japan's economy, which has seen years of stagnating⁴（停滞） growth. 

 

A more aggressive monetary policy stance by the central bank has been something that Mr Abe has been advocating for, citing it as key to spurring a fresh wave of economic growth.

 

During his election campaign Mr Abe had even hinted that the government may look at altering the law that ensures the central bank's independence if it does not take adequate steps. 

 

Although Mr Abe toned down his rhetoric⁵ later on, it did indicate how crucial the appointment of a new governor would be, not just to the relations between the government and the central bank, but also the BOJ's independence going forward.

 

Analysts⁶ said that if Mr Kuroda's nomination is approved by the parliament, it would be a win-win situation.

 

"This clearly indicates that the government and the central bank will be working towards the same target and there will be an agreement on what direction the Japanese economy should take from here," Junko Nishioka of RBS Securities told the BBC.

 

Ms Nishioka added that with Mr Kuroda being a supporter of aggressive policies, it was unlikely that the government take the extreme step of altering the BOJ law.

 

"It does necessarily mean that the BOJ is not going to give up its independence," she added.

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