Japan's lower house clears Kuroda to head BoJ
Kuroda vowed to "do whatever it takes" to achieve a 2 percent inflation target and end deflation.
TOKYO (AP) - The lower house of Japan s parliament has endorsed Haruhiko Kuroda, a finance ministry veteran and president of the Asian Development Bank, to become central bank governor.
Kuroda, 68, has vowed to "do whatever it takes" to achieve a 2 percent inflation target and end deflation.
The ruling Liberal Democrats have already won support for Kuroda from the main opposition party, which still controls parliament s upper house. Lawmakers there are due to approve Kuroda s appointment on Friday.
Technically, however, Thurday s vote only allows Kuroda to stand in for current Bank of Japan Gov. Masaaki Shirakawa after he steps down on March 19, three weeks before his five-year term was due to end. Another vote is required to make his appointment permanent.
