TOKYO, March 15 (Xinhua) -- Japan's upper house on Friday approved the nomination of Haruhiko Kuroda for Bank of Japan governor and that of Kikuo Iwata and Hiroshi Nakaso for deputy chiefs.
The House of Councilors, the upper house, approved the government's selection of Asian Development Bank President Kuroda, Gakushuin University professor Iwata and BOJ Executive Director Nakaso, despite that the ruling coalition lacks a majority in the chamber.
The new leadership will take over next Wednesday after current BOJ Governor Masaaki Shirakawa resigns on Tuesday, when his two deputies' five-year terms end.
The ongoing Diet process will only allow Kuroda to serve the remainder of Shirakawa's term, which goes through April 8 this year.
Kuroda will have to need another Diet confirmation in order to continue for a five-year term.