Word: toshihiko
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...opposition party that controls the Upper House, finally approved Prime Minister Yasuo Fukuda's third choice - Masaaki Shirakawa - for governor of the Bank of Japan. Shirakawa, 58, became the deputy bank governor in mid-March and then took over as interim governor after former central bank governor Toshihiko Fukui retired from his five-year term on March 19. The DPJ refused the two previous nominees - Toshiro Muto and Koji Tanami - over concerns that their ties to the Finance Ministry might compromise the bank's independence. The lack of a permanent leader in the BOJ's top desk, however...
...official: amid a bout of global financial instability not seen in years, Japan, the world's second-largest economy, has no central bank governor. Toshihiko Fukui, the current Bank of Japan (BoJ) chief, has packed his bags-his five-year term ended at midnight, March 19-and due to a political deadlock in Japan's parliament, it may be weeks before a successor is appointed...
Others see Muto as a steady, experienced hand and a pragmatic choice to replace current Bank of Japan governor Toshihiko Fukui, 72, who whose five-year term ends March 19. The University of Tokyo graduate is "an extremely competent administrator who ensures consistency," says Jesper Koll, Japan director for Singapore-based Tantallon Capital. During his five-year term as deputy governor at the Bank of Japan, Muto, 64, typically voted in line with his boss, Fukui, at policy meetings. Even though Japan faces "stagflation"-a slowing economy combined with higher inflation-Muto isn't expected to do anything radical...
...that we had discord amongst ourselves, we just noticed differences respective to each of our economic situations...and the degree of impact," said Japanese finance minister Fukushiro Nukaga, who co-chaired the G-7 meeting with Bank of Japan governor Toshihiko Fukui. "But we're here to work in partnership to overcome this difficulty." The U.S. was "taking on the central role" Nukaga said, adding that "each country will do what they can, respectively...
...first time in six years, from 0% to 0.25%, marking an end to a decade of economic stagnation; in Tokyo. The decision brings Japan's monetary policy in line with those of the U.S. and Europe, where central bankers are trying to contain inflation by raising rates. BOJ governor Toshihiko Fukui called the rate increase a "delightful moment for the future of the Japanese economy...