The resignations of Bank of Japan Gov. Yasuo Matsushita and his deputy are sufficient to allow the central bank a fresh start following the arrest of a BOJ official on suspicion of accepting bribes from major banks, Matsushita said March 17.

In his final news conference as BOJ governor, Matsushita also said the bank will soon consider setting up an in-house section that will include outside lawyers to ensure BOJ officials comply with the law. “As the (BOJ) leader, I have the heaviest supervisory responsibility, and the senior deputy governor is also resigning,” Matsushita told reporters at the central bank’s head office in Tokyo. “Basically, that should settle things.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.