The Japanese House of Representatives approved Junko Koizumi as a member of the central bank's policy board, leaning towards a hawkish stance

ChainCatcher News, the Japanese House of Representatives approved the government's nomination of Junko Koeda as a member of the Central Bank's Policy Board on Friday, paving the way for her full recognition in the Diet. She is an academic with a hawkish stance on fiscal and monetary policy.

Junko Koeda is a professor of macroeconomics and finance at Waseda University in Japan, and she will succeed Seiji Adachi, who has a more dovish stance on monetary policy. Given that the ruling party group holds a majority of seats, Koeda's appointment is expected to receive Senate approval on Wednesday. Her five-year term will begin on March 26.

Analysts indicate that she is likely to push for a shift towards higher interest rates and bring new ideas to the Bank of Japan, which has long focused on reviving economic growth through massive stimulus measures.