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Masaru Hayami, former head of the Japan Association of Corporate Executives (Keizai Doyukai), will assume the post of governor of the Bank of Japan, replacing Yasuo Matsushita, Chief Cabinet Kanezo Muraoka said March 16 evening.

Muraoka also said Sakuya Fujiwara, a former reporter for Jiji Press, will become vice governor of the central bank.

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