The binary options news of February 28, 2013 by OptionsClick featured this editorial economics caricature of Haruhiko Kuroda, the newly nominated candidate for Governor of the Bank of Japan (BoJ). On Thursday the 27th of February, the government of Japan named Mr. Kuroda to lead the country’s central bank. Mr. Kuroda is a supporter of more daring stimulus policy to aid and improve the flailing economy of Japan. Nominating Mr. Kuroda, the current head of the Asian Development Bank, had been expected by most analysts, as his views on strengthening the economy mirror the views expressed by Prime Minster Shinzo Abe. Should the Japanese Diet confirms Mr. Kuroda, he would hold the post after Mr. Masaaki Shirakawa, the current governor of the Bank of Japan, steps down on the 19th of March. Also designated as deputy governors on Thursday, via a government statement issued to the upper house of Parliament, were Hiroshi Nakaso, an executive director at the central bank, and Kikuo Iwata, a professor of economics at Gakushuin University. "The nominees announced today will lead the charge in the bold financial policies that Prime Minister Abe aims for, and his economic growth strategy that has now been dubbed 'Abenomics,'" said Japan's top government spokesman, Yoshihide Suga, at a press conference. Mr. Kuroda, 68 years old at the time of his nomination, has stated publicly that the BoJ has not made enough of an effort to revive Nippon's lethargic economy by fighting against the deflation which has caused wholesale price declines which have diminished profits significantly, and cut investments and income for a long number of years. Mr. Kuroda's public opinions about the Japanese economy are very similar to those of Prime Minister Abe. Mr. Abe won his office following a landslide victory by his political party in last December's elections. Shinzo Abe believes that economic growth will only occur if and when Japan pursues extra-strength monetary easing, and vastly increases government spending as a stimulus program, and carry forward with reforms to the economy, which include joining free trade agreements, currently considered a move that could cause great controversy.

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