The US President has reportedly refined his selection for the Federal Reserve Board Chairperson down to three final candidates. This decision, increasingly monitored by the global market, plays a significant role in American and international economic trajectories. The identities of these three candidates and the potential economic policies they may bring have yet to be revealed.

Japan, as the third-largest economy in the world, closely follows economic movements in the United States, including changes in leadership that could affect economic policy. Moreover, the choice of Federal Reserve Chair can impact US monetary policy, which could in turn affect the exchange rate between the US dollar and the Japanese yen - a major concern for Japan's export-driven economy.

The process of selecting leaders for central banks varies widely across countries. In the United States, the President nominates the potential candidate, and the Senate confirms them. In contrast, many European central bank leaders are chosen by collective bodies without a single elected official having the final say.