Japan's government is likely to appoint Kazuo Ueda, an academic and a former member of the central bank's policy board, as the Bank of Japan's next governor, the Nikkei newspaper reported on Friday.

Here are reactions:

JANE FOLEY, HEAD OF FX STRATEGY, RABOBANK, LONDON:

"There’s various papers published by him on the BIS (website) going back to 2005, but they’re quite few and far between and I think he was not top of the list.

"What I would imagine, is that because he has been on board of the Bank of Japan, that he is relatively dovish, because just about everyone that’s been on the board of the Bank of Japan has been dovish for a long time. Right now, to be honest, we can only assume that. We need some commentary from him. I have been of the view for a while that probably - whoever takes over as the governor - there may not be any huge initial change in so far as everyone is trying to nurture inflation into place, everyone is waiting for the spring wage talks and the initial indications are a little bit positive, but perhaps not enough for a huge turnaround."

"Even if Kuroda remained in control, we could get an adjustment in yield-curve control this year anyway." (Compiled by Global News Desk)