Amamiya, 67, who joined the BOJ in 1979, has long been viewed as a front-runner due to his extensive experience crafting the bank’s strategies and policies.

Source: https://www.japantimes.co.jp/news/2023/02/06/business/masayoshi-amamiya-boj-governor-report/

BOJ" and “The Prince” in the media, Amamiya possesses deep political connections useful for setting policy and in-depth knowledge of the bank’s internal workings.

Source: https://www.japantimes.co.jp/news/2023/02/06/business/masayoshi-amamiya-boj-governor-report/

“The key thing for me is that Amamiya appears to have turned down the offer to have been made Governor of the Bank of Japan.

Source: https://financialpost.com/pmn/business-pmn/japan-to-appoint-kazuo-ueda-as-next-boj-governor-nikkei

The start of the week saw a gap higher in the pair as it seems like the government is teeing up BOJ deputy governor Amamiya to be the successor to Kuroda at the central bank.

Source: https://www.forexlive.com/news/usdjpy-lower-on-the-day-as-downside-trend-holds-20230207/