Key Bank of Japan nominee wins crucial backing

03/13/2013 | Wall Street Journal, The

The third member of the Bank of Japan team that Prime Minister Shinzo Abe wishes to install has won the backing of opposition parties. The now nearly assured approval of Kikuo Iwata as one of two deputy governors means the bank will be headed by prominent critics of the bank's previous cautious policies who now favor strong steps toward Abe's stated goal of 2% inflation.

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Wall Street Journal, The

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