Word: yasuo
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...Democratic Party of Japan (DPJ), the 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...
...approximately 100 million yen ($1 million) of public funds. And they question the government's commitment to removing the weapons, which remain lethal more than 60 years after the war. Cleaning up these caustic reminders of Japanese aggression in China would be a practical way for Japanese Prime Minister Yasuo Fukuda to act on his stated desire to improve relations between the two countries. Yet, while a Japanese Ministry of Foreign Affairs spokesperson said that the cleanup "is extremely important for improving trust," the government has not indicated how it plans to get the project back on track...
...mean the country is facing economic chaos. Central bank policies will continue to be carried out by Masaaki Shirakawa, who was approved by parliament last week as a deputy BoJ governor and who will temporarily take over for Fukui. But the Diet's inability to compromise with Prime Minister Yasuo Fukuda and choose a new bank chief is seen by many as unsettling evidence that Japan has reached political gridlock and could face serious problems in the months ahead. "This is the kind of thing harms the image of Japanese governability," says Jun Iio, director of the policy research center...
Temporarily averting what could become an embarrassing vacancy at the top of the world's second-largest economy, Japan's leadership yesterday named its choice for a new central bank chief: Toshiro Muto, currently deputy governor of the Bank of Japan. The nomination by Prime Minister Yasuo Fukuda surprised no one-Muto for months has been considered the front runner for the post-but it's still far from certain that he'll get the job as governor of the Bank of Japan...
...between Washington and Pyongyang. An opportunity could arise, however, if North Korea demands more aid as a condition for continuing with the negotiations. "For Japan to pay, something has to be paid [to them] for the abductees," he notes, "even if it is just a fig leaf." Prime Minister Yasuo Fukuda broached the abductions issue with U.S. President George W. Bush during his visit in November, but Bush has made no promises regarding negotiations with the North. In the meantime, the general public continues to rally behind the abductees' families, who insist that Japan continue to hold the line...