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TOKYO: Japan may nominate Bank of Japan deputy Masaaki Shirakawa to be central bank chief as it looks to fill the vacancy before a meeting of world finance chiefs next week, reports said on Friday.
The government may promote Shirakawa, a former BoJ executive director who is currently serving as acting governor, because it does not seem feasible to pick a candidate from the private sector, the Nikkei business daily reported.
Tokyo said on Thursday it aimed to fill a vacancy at the top of its central bank next week in time for the April 11 meeting of finance ministers and central bank chiefs from the Group of Seven (G7) major economies.
The nomination needs to be approved by both chambers of parliament.
The opposition-controlled upper house voted down two government nominees – both former top finance ministry officials – saying they were too close to the government to ensure the central bank's independence.
The government plans to submit its new nominee to parliament as early as Monday, the Nikkei and other media said.
Japan was left without a central bank chief for the first time in more than eight decades after the ruling and opposition camps failed to agree on a replacement for Toshihiko Fukui whose five-year term ran out last month.
Before bowing out, Fukui tapped Shirakawa, who was one of the two new deputies, to take the helm until a permanent replacement could be found.
Opposition parties approved Shirakawa, known for his expertise on financial policies, as a deputy governor.
The Jiji Press news agency quoted a senior official of the ruling Liberal Democratic Party as saying the presentation of the new nomination should come on Monday at the latest for a vote in parliament on Wednesday.
- AFP/so
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