This story was printed from channelnewsasia.com

Title : Japan's upper house approves central bank nominee
By :
Date : 09 April 2008 0925 hrs (SST)
URL : http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/340256/1/.html

TOKYO: Japan's opposition-controlled upper house of parliament Wednesday approved the government's nominee, Masaaki Shirakawa, as the next governor of the Bank of Japan, Senate president Satsuki Eda said.

The nomination was approved by 231 votes to seven, Eda said, clearing the way to fill the top slot at the bank, which has been vacant for three weeks.

Shirakawa, a career central banker named as one of two deputy governors last month, has been serving as the acting governor since the top post fell vacant last month for the first time in eight decades.

But a row over the Bank of Japan's top leaders rumbled on as the upper house rejected the government's choice for one of the two deputy governor posts, Hiroshi Watanabe, a former senior finance ministry official.

The candidates must be approved by both houses of parliament. Voting in the lower house, where the ruling party has a comfortable majority, is set for later Wednesday. - AFP/ac



Breakthrough in Japan's central bank stalemate
Japan hopes for breakthrough in central bank row
Japan set to nominate BoJ deputy as new governor
Japan opposition says 'no obstacle' for deputy to lead BoJ
Japan may nominate BoJ deputy Shirakawa as governor


Copyright © 2008 MediaCorp Pte Ltd
<< back to channelnewsasia.com