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BOJ vice governor

TOKYO, Japan - Bank of Japan Deputy Governor Kikuo Iwata gives a lecture at Kyodo News headquarters in Tokyo on May 26, 2014.

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BOJ deputy chief Iwata

KYOTO, Japan - Bank of Japan Deputy Governor Kikuo Iwata gives a speech in Kyoto, western Japan, on Aug. 28, 2013. Iwata said clear improvements in economic activity induced by the central bank's ultra monetary easing may be evident by year-end.

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BOJ deputy chief Iwata

KYOTO, Japan - Bank of Japan Deputy Governor Kikuo Iwata gives a speech in Kyoto, western Japan, on Aug. 28, 2013. Iwata said clear improvements in economic activity induced by the central bank's ultra monetary easing may be evident by year-end.

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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 Kikuo Iwata 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 - 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.

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Professor Iwata

TOKYO, Japan - File photo shows Gakushuin University professor Kikuo Iwata. The government plans to nominate Iwata, who has called for aggressive monetary easing, as the Bank of Japan's next deputy governor, sources close to the matter said on Feb. 25, 2013.

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BOJ says 2 board members without diplomas "completed" PhD programs

Undated combined photo shows Bank of Japan Policy Board member Makoto Sakurai and Deputy Governor Kikuo Iwata. The central bank said on May 9, 2016, that its website states the two Policy Board members "completed a Ph.D. program in economics" at the University of Tokyo graduate school, not that they held doctoral degrees, responding to a weekly magazine report that said Sakurai may have fabricated details of his academic record. (Kyodo) ==Kyodo

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Slowdown in emerging economies biggest risk

Bank of Japan Deputy Governor Kikuo Iwata attends a press conference in the western Japanese city of Okayama on Dec. 2, 2015. During his speech there, Iwata said a further slowdown in Chinese and other emerging economies is the "most significant risk" to achieving the central bank's 2 percent inflation target. (Kyodo) ==Kyodo

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BOJ chief says Japan economy recovering moderately

Bank of Japan Governor Haruhiko Kuroda (L) and Deputy Governor Kikuo Iwata attend the bank's quarterly meeting with branch managers at the BOJ headquarters in Tokyo on July 6, 2015. Kuroda said in the meeting that Japan's economy is recovering moderately and that trend is likely to continue under the central bank's large-scale monetary easing policy. (Kyodo) ==Kyodo

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Monetary easing still necessary in Japan: BOJ deputy gov.

Bank Of Japan Deputy Governor Kikuo Iwata makes a speech in the city of Aomori on June 22, 2017. Iwata said large-scale monetary easing is still necessary in order to achieve the central bank's 2 percent inflation target. (Kyodo) ==Kyodo

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Monetary easing still necessary in Japan: BOJ deputy gov.

Bank Of Japan Deputy Governor Kikuo Iwata makes a speech in the city of Aomori on June 22, 2017. Iwata said large-scale monetary easing is still necessary in order to achieve the central bank's 2 percent inflation target. (Kyodo) ==Kyodo

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BOJ deputy governor speaks in Nagasaki

Bank of Japan Deputy Governor Kikuo Iwata holds a press conference in Nagasaki on Dec. 7, 2016, after making a speech to business leaders. (Kyodo) ==Kyodo

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BOJ Deputy Gov. delivers speech in Nagasaki

Bank of Japan Deputy Governor Kikuo Iwata talks about the central bank's policies in his speech in the southwestern Japan city of Nagasaki on Dec. 7, 2016. (Kyodo) ==Kyodo

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BOJ Deputy Governor Iwata rules out "helicopter money"

Bank of Japan Deputy Governor Kikuo Iwata speaks at a press conference in Yokohama on Aug. 4, 2016. Iwata ruled out the possibility of introducing so-called "helicopter money," saying it is "not productive" to discuss the extremely radical monetary easing policy without clearly defining it. (Kyodo) ==Kyodo