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Takeshi Komura, director general of the Finance Ministry’s Budget Bureau, was tapped Friday by Finance Minister Hiroshi Mitsuzuka to replace departing Vice Finance Minister Tadashi Ogawa beginning July 15. The post of vice finance minister is considered to be the pinnacle of the nation’s bureaucracy.

Takatoshi Kato, vice finance minister for international affairs, will also step down, with his post to be filled by Eisuke Sakakibara, who is currently director general of the International Finance Bureau. Replacing Komura as head of the ministry’s budget-compilation bureau is Yoji Wakui, who is now deputy vice minister. Wakui will be replaced by Toshiro Muto, deputy vice minister for policy coordination.

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