The Japanese government is expected to nominate Masaaki Shirakawa, acting governor of the Bank of Japan (BOJ), as the central bank's new chief late Monday.
Meanwhile, Hiroshi Watanabe, a former vice finance minister for international affairs, is to be named as one of the two BOJ deputy governors.
If Shirakawa's nomination manages to gain endorsement from both Diet chambers, BOJ's leadership vacuum at a time of global financial turbulence will be ended.
The post of the BOJ governor has fallen vacant for the first time in Japan since the end of World War II as the opposition-dominated upper house of the Diet imposed a second veto against the government's nomination of Koji Tanami on March 19 following its rejection of Toshiro Muto a week ago due to the row between the ruling and opposition camps.
Hirakawa is expected to be backed by the upper house as his candidacy as one of the two BOJ's deputies was approved by both chambers last month.
Source: Xinhua
|
Comment
Tell A Friend
Print Format
Save Article