The government unofficially decided Friday to reappoint Masaharu Hino as head of the Financial Supervisory Agency and Hideichiro Hamanaka as his deputy when the agency becomes larger on July 1, an FSA official said.
Hino, a former senior prosecutor, became the first FSA commissioner when the agency was set up in June 1998 to take over the inspection role of the Finance Ministry.
Hamanaka, a former Finance Ministry official, has served as the deputy commissioner since its inception. The two appointments will be approved by the Cabinet on June 30.