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Japan has many tools to exit from easy monetary policy-BOJ's Kuroda

LONDON (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank has a number of tools to exit from its ultra-easy monetary policy other than asset sales but that it was premature to speak about an exit. "We have a number of options or tools other than selling assets acquired/purchased by us. That will not mean we will never sell," Kuroda said in London. "At this stage it's premature to discuss the exit from the QQE (quantitative and qualitative easing)."

Japan's Nakao elected new ADB president

Takehiko Nakao, a former Japan vice minister for finance, has been elected president of Asian Development Bank, the Philippines-based lender announced Friday. Nakao, 57, replaces compatriot Haruhiko Kuroda, who stepped down last month to become governor of Japan's central bank. Nakao, a former vice minister of finance for international affairs, will assume office as ADB's ninth president on Sunday, P. Chidambaram, chairman of the ADB board of governors, said in a statement.

BOJ's Kuroda says asset purchase limit already broken

By Stanley White TOKYO (Reuters) - The Bank of Japan will not bankroll government spending, but it has already exceeded self-imposed limits on asset purchases and will continue to do so, its new governor said on Thursday in a signal he intended to deliver on promises of overhauling policy.

Tokyo stocks set for cautious trade next week: dealers

Tokyo's stock market next week will likely be driven by events in Cyprus at the weekend as investors await the outcome of talks to agreeing a new deal that will qualify Nicosia for a bailout, dealers said. "The focus is expected to stay on the Cyprus issue next week," said Hirokazu Fujiki, strategist with Okasan Securities. "Trading is expected to be cautious as some players are ready to cash in on their recent gains, depending on developments in the Cyprus issue."

URGENT ¥¥¥ Japan parliament approves Haruhiko Kuroda as BoJ chief

Japan's parliament Friday confirmed the appointment of Haruhiko Kuroda as Bank of Japan governor, with the new central bank chief expected to launch aggressive easing to stoke the economy. The country's upper house also gave the green light to Kikuo Iwata and Hiroshi Nakaso as Kuroda's deputies. bur-pb/hg/sls

Japan parliament approves Haruhiko Kuroda as Bank of Japan governor bur-pb/hg/sls

Tokyo shares to make further gains next week

Japanese shares are expected to make further gains next week, with sentiment remaining strong after stocks hit levels not seen since before the 2008 collapse of Lehman Brothers, brokers said. Over the week, the benchmark Nikkei 225 index jumped 677.24 points, or 5.84 percent, to 12,283.62, topping levels it last held before the financial crisis. The broader Topix index of all first section shares rose 36.17 points, or 3.67 percent, to 1,020.50.

URGENT ¥¥¥ Japan PM nominates ADB head Kuroda as BoJ chief

Japanese Prime Minister Shinzo Abe on Thursday nominated Asian Development Bank chief Haruhiko Kuroda as the next governor of the Bank of Japan, a key post in Tokyo's bid to overhaul the economy. Kuroda, 68, was named along with two deputies -- Kikuo Iwata, an economics professor at Tokyo's Gakushuin University, and Hiroshi Nakaso, the BoJ's executive director, the government said. bur-hih-pb/hg/jw

US stocks rise on promise of more stimulus

US stocks opened solidly higher Monday on expectations of continued economic stimulus measures by central banks. Five minutes into trade, the Dow Jones Industrial Average rose 53.27 (0.38 percent) to 14,053.84. The broad-based S&P 500 increased 7.74 (0.51 percent) to 1,523.34, while the tech-rich Nasdaq Composite Index jumped 20.09 (0.64 percent) to 3,181.90. The increases followed comments Friday by St. Louis Federal Reserve President James Bullard that the US easy-money policy would continue.
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