The Abe government is expected to nominate as Bank of Japan governor an expert known to favor its policies when Shirakawa’s term ends this spring.
Critics of the government’s strategy of pushing for more inflation argue that it will do little to stimulate real demand in the economy if it pushes up prices without accompanying gains in purchasing power.
They also express concern that the government’s campaign to influence monetary policy might undermine the central bank’s independent status.
Bundesbank president Jens Weidmann said in a speech in Frankfurt on Monday night that one consequence of undermining central bank independence could be an ‘‘increasing politicization of exchange rates.’’
Associated Press writers Geir Moulson in Berlin and Mari Yamaguchi contributed to this report.