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February 12, 2008

New governor set to be named for Japan’s central bank

by Richard Kilner

Story link: New governor set to be named for Japan’s central bank

Japanese newspaper Yomiuri Shimbun has reported that the government is set to name Toshiro Muto as the next governor of the Bank of Japan.

Muto currently serves as the central bank’s deputy governor.

He will succeed Toshihiko Fukui, whose five year term of office expires in mid-March.

Fukui was responsible for leading the Japanese economy out of a slump and back into prosperity.

For Muto to successfully become governor the upper house of the Japanese parliament would need to agree, although the upper house is controlled by the opposition.

However it is expected that the principal opposition party, the Democratic Party, will back the government’s choice.

 

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Related stories to: New governor set to be named for Japan’s central bank

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