What are the challenges for the Bank of Japan?

It has begun. Prime Minister Shinzo Abe has started the process to reappoint Haruhiko Kuroda as governor of the Bank of Japan (BoJ) by submitting a request to the Japanese Diet.

Kuroda's term ends on 8 April, but it seems likely that he will remain in office for another five years. That would make him the first governor since Masamichi Yamagiwa in 1961 to be appointed for a second term (Yamagiwa did not serve the full term). He would also become only the eighth governor out of 31 since the BoJ was established in 1882 to serve longer than five years.  Ruffer: The 'intensely interesting' opportunity in Japan Assuming Kuroda sees out a second term, he will be almost 79 when it ends. He would also become the longest-serving governor of the BoJ - eight years...