Nomination for Japanese central bank governor is delayed

02/19/2013 | International Financing Review (free content)

Japan's government is reportedly split over the next governor of the Bank of Japan, with members of Prime Minister Shinzo Abe's government resisting his call for a governor who will act aggressively and in line with Abe's economic plan. As a consequence, the selection of a nominee has been delayed for a week. Abe's reported preference is former Bank of Japan Deputy Governor Kazumasa Iwata, who has urged the bank to consider buying foreign bonds as a way to rein in the yen.

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