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New BOJ governor starts work

TOKYO, Japan - Bank of Japan Governor Haruhiko Kuroda (C) and Deputy Governors Kikuo Iwata (L) and Hiroshi Nakaso (R) shake hands at the BOJ head office in Tokyo on March 21, 2013. Their appointments were effective as of March 20, a national holiday, and they started working at the central bank March 21.

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New BOJ governor starts work

TOKYO, Japan - Bank of Japan Governor Haruhiko Kuroda (C) and Deputy Governors Kikuo Iwata (L) and Hiroshi Nakaso (R) shake hands at the BOJ head office in Tokyo on March 21, 2013. Their appointments were effective as of March 20, a national holiday, and they started working at the central bank March 21.

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New BOJ governor starts work

TOKYO, Japan - Bank of Japan Governor Haruhiko Kuroda speaks during a press conference at the BOJ head office in Tokyo on March 21, 2013. The appointments of Kuroda and Deputy Governors Kikuo Iwata and Hiroshi Nakaso were effective as of March 20, a national holiday, and they started working at the central bank March 21.

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Bank of Japan new leadership

TOKYO, Japan - Bank of Japan Governor Haruhiko Kuroda (front R) and Deputy Governors Hiroshi Nakaso (back R) and Kikuo Iwata (back L) leave the prime minister's office in Tokyo after meeting Prime Minister Shinzo Abe and receiving their letters of appointment on March 21, 2013, a day after they took office at the central bank.

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Bank of Japan new leadership

TOKYO, Japan - Bank of Japan Governor Haruhiko Kuroda (L) and Deputy Governors Hiroshi Nakaso (R) and Kikuo Iwata (C) are pictured in the Diet in Tokyo on March 21, 2013, a day after they took office at the central bank.

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Bank of Japan new leadership

TOKYO, Japan - Bank of Japan Deputy Governor Hiroshi Nakaso arrives at the prime minister's office in Tokyo to meet Prime Minister Shinzo Abe and receive his letter of appointment on March 21, 2013, a day after taking office at the central bank.

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New BOJ leadership approved

TOKYO, Japan - Photo shows Kikuo Iwata, one of the new deputy governors of the Bank of Japan. Japan's parliament approved March 15, 2013, the nominations of Asian Development Bank President Haruhiko Kuroda for Bank of Japan governor and Gakushuin University professor Kikuo Iwata and BOJ Executive Director Hiroshi Nakaso for deputy chiefs.

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New BOJ leadership approved

TOKYO, Japan - Photo shows Haruhiko Kuroda, new governor of the Bank of Japan. Japan's parliament approved March 15, 2013, the nominations of Asian Development Bank President Haruhiko Kuroda for Bank of Japan governor and Gakushuin University professor Kikuo Iwata and BOJ Executive Director Hiroshi Nakaso for deputy chiefs.

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BOJ deputy nominees

TOKYO, Japan - The government's two nominees for Bank of Japan deputy governor, Kikuo Iwata (R) and Hiroshi Nakaso, attend their confirmation hearing at the House of Councillors in Tokyo on March 12, 2013.

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Hearing on BOJ deputy nomination

TOKYO, Japan - Gakushuin University professor Kikuo Iwata, one of the government's nominees for Bank of Japan deputy governor, speaks at a confirmation hearing at a lower house panel in Tokyo on March 5, 2013, held to determine whether he is qualified for one of the two posts. To the right is the other nominee Hiroshi Nakaso, an executive director of the central bank.

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Hearing on BOJ deputy nomination

TOKYO, Japan - Hiroshi Nakaso, an executive director of the Bank of Japan, who is one of the government's nominees for the central bank's deputy governor, speaks at a confirmation hearing at a lower house panel in Tokyo on March 5, 2013, held to determine whether he is qualified for one of the two posts.

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Abe instructs BOJ to ensure market stability after Brexit vote

Japanese Prime Minister Shinzo Abe (far L), Chief Cabinet Secretary Yoshihide Suga (2nd from L), Finance Minister Taro Aso (far R) and Hiroshi Nakaso (2nd from R), a deputy governor of the Bank of Japan, attend a meeting at the prime minister's office in Tokyo on June 27, 2016. In the meeting to discuss emergency steps following the British decision to leave the European Union in a referendum, Abe instructed the central bank to ensure stability in financial markets. (Kyodo) ==Kyodo

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Japan stays alert on market instability after Brexit vote

Finance Minister Taro Aso speaks with reporters at the prime minister's office in Tokyo on June 27, 2016, after a meeting with Prime Minister Shinzo Abe and Deputy Bank of Japan Governor Hiroshi Nakaso. The government and the central bank discussed measures to mitigate the impact on the economy from uncertainty over global growth following British voters' decision to leave the European Union. (Kyodo) ==Kyodo

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Japan stays alert on market instability after Brexit vote

Hiroshi Nakaso (3rd from L), a deputy governor of the Bank of Japan, enters the prime minister's office in Tokyo on June 27, 2016, for a meeting with Prime Minister Shinzo Abe and Finance Minister Taro Aso. The government and the central bank discussed measures to mitigate the impact on the economy from uncertainty over global growth following British voters' decision to leave the European Union. (Kyodo) ==Kyodo

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Negative rates designed to mitigate burden on banks: BOJ deputy chief

Bank of Japan Deputy Governor Hiroshi Nakaso gives a lecture in New York on Feb. 12, 2016. Nakaso said the Japanese central bank has set up its negative interest rates to soften a "drastic impact" on commercial banks. (Kyodo) ==Kyodo

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Negative rates designed to mitigate burden on banks: BOJ deputy chief

Bank of Japan Deputy Governor Hiroshi Nakaso answers a question after giving a lecture in New York on Feb. 12, 2016. Nakaso said the Japanese central bank has set up its negative interest rates to soften a "drastic impact" on commercial banks. (Kyodo) ==Kyodo

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BOJ deputy chief attends press conference

Bank of Japan Deputy Gov. Hiroshi Nakaso attends a press conference in the city of Kumamoto in southwestern Japan on July 27, 2015. He indicated that the Japanese economy has been steadily following a path of breaking away from deflation. (Kyodo) ==Kyodo

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BOJ not ready to ease credit soon

Bank of Japan Deputy Governor Hiroshi Nakaso attends a press conference in the western Japan city of Matsuyama on March 9, 2015. In his speech to business leaders there, Nakano indicated the central bank is not ready to implement additional monetary easing measures soon, despite growing concern over disinflation triggered by a plunge in global crude oil prices. (Kyodo) ==Kyodo

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Deflationary mindset still hindering 2% inflation: BOJ deputy chief

Undated photo shows Hiroshi Nakaso, deputy chief of the Bank of Japan. Nakaso said at a meeting of local business leaders in Hiroshima on July 26, 2017, that a widespread deflationary mindset in Japan continues to hamper the central bank's efforts to realize its 2 percent inflation goal. (Kyodo) ==Kyodo

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Deflationary mindset still hindering 2% inflation: BOJ deputy chief

Hiroshi Nakaso, deputy chief of the Bank of Japan, attends a press conference in Hiroshima on July 26, 2017. Nakaso said at a meeting of local business leaders earlier in the day that a widespread deflationary mindset in Japan continues to hamper the central bank's efforts to realize its 2 percent inflation goal. (Kyodo) ==Kyodo

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BOJ to maintain powerful easing for 2% inflation: deputy chief

Bank of Japan Deputy Governor Hiroshi Nakaso speaks at a press conference in Kochi, Japan, on Feb. 9, 2017. The central bank will maintain its current aggressive monetary easing to achieve its 2 percent inflation goal, he said, despite U.S. President Donald Trump's criticism that Japan is guiding the yen lower. (Kyodo) ==Kyodo