Cars for export park at a port in Yokohama, south of Tokyo, Thursday, Dec. 20, 2012. Japan is reporting its fifth straight month of trade deficits for November, marking a lengthy span of lagging exports that highlights a struggling economy. The Finance Ministry released data Wednesday, Dec. 19, showing the trade deficit soared nearly 38 percent last month compared to November the previous year. (AP Photo/Koji Sasahara)
News Summary: ADB chief for Japan central bank
Published: 04:31:43 PM, Thu 28 February 2013 UTC
POLICY AND PEOPLE: Japan's prime minister Shinzo Abe vowed to push ahead with more aggressive monetary easing as he nominated Haruhiko Kuroda to head the country's central bank.
MONETARY ALLIES: Abe is counting on Kuroda's support to help Japan escape from a long, debilitating bout of deflation that he says is hindering consumer spending and corporate investment.
QUIVER: Bolder monetary easing is one of Abe's "three arrows" or main strategies, for helping salvage the ailing economy. The central bank under Masaaki Shirakawa, who will step down on March 19, was reluctant to embrace Abe's monetary push and it emphasized that Japan's economy has deep seated problems that the central bank alone can't solve.
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