Japan’s upper house of parliament votes March 15 on the government’s nomination for Bank of Japan governor and two deputy governors. The lower house, where the ruling coalition has about a two-thirds majority, votes March 14.
A nominee needs 118 votes to pass the upper house. Haruhiko Kuroda, the Asian Development Bank president, is the nominee for governor. Hiroshi Nakaso, a career BOJ staffer and current executive director, is the candidate for one deputy job and Kikuo Iwata, a long-time critic of the bank who advocates greater stimulus, the other. ===============================================================================
Party voting intentions
Number Political Parties & Groups in the of Haruhiko Kikuo Hiroshi Upper House Members Kuroda Iwata Nakaso =============================================================================== Ruling Coalition (Liberal Democratic 102 Y Y Y Party & New Komeito Party) The Democratic Party 87 Y N Y Your Party 12 N Y N People’s Life Party 8 N N Y Japanese Communist Party 6 N N N Green Wind 5 Social Democratic Party 4 N N Y Japan Restoration Party 3 Y Y N The People’s New Party 2 New Renaissance Party 2 Y Y Y Independents 5 INCUMBENTS 236 Vacancies 6 Total number of seats 242 Total projected votes for each nominee 194 119 203 =============================================================================== NOTE: Actual results will depend on whether lawmakers follow the party’s official recommendation.
Source: Bloomberg news data, based on upper house website
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