Japan parliament approves govt pick for BOJ board

(For more stories on the Japanese economy, click [ID:nECONJP])

TOKYO, March 31 (Reuters) – Japan’s parliament approved the
appointment of Sayuri Shirai, a former IMF economist, to the
Bank of Japan policy board on Thursday, helping the central bank
avoid having a vacancy on its nine-member board.

Shirai, 48, a professor of economics and policy at Tokyo’s
Keio University, will join the BOJ board on Friday as its only
female member, taking a seat vacated by Miyako Suda, whose
five-year term expires on Thursday.

She is expected to vote at the BOJ’s next policy-setting
meeting on April 6-7.

Little is known about Shirai’s views on monetary policy but
analysts say she is unlikely to cause a stir at least in the
near term. They expect her expertise on European debt problems
as well as China’s yuan and currencies to help deepen the
central bank’s debates on issues such as global
imbalances.[ID:nTOE72706M]

The government submitted the nomination early this month and
it was unclear whether it would be approved in a split
parliament. But opposition parties found no reason to object
Shirai’s appointment, which was delayed by the March 11
earthquake.

The BOJ eased monetary policy this month and signalled it
will be ready to act further once it has scrutinised data
offering more clues on the extent of damage to the economy form
the quake and subsequent tsunami. [ID:nL3E7EN16C]

(Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher)

Japan parliament approves govt pick for BOJ board