• SHARE

The ruling parties are expected to present the government’s choice for the next Bank of Japan governor to the steering committees of both Diet chambers Wednesday, according to coalition lawmakers.

In addition to submitting the name of Toshihiko Fukui as Masaru Hayami’s successor, the parties will present the government’s picks for the next central bank deputy governors.

Members of a coalition task force overseeing appointments requiring Diet approval exchanged views Tuesday in the Diet regarding the schedule, they said.

The Liberal Democratic Party, New Komeito and the New Conservative Party are expected to agree on the procedure during a task force meeting Wednesday afternoon, before submitting the names later in the day, they said.

Prime Minister Junichiro Koizumi has named the 67-year-old Fukui, a former BOJ deputy governor who currently serves as chairman of the Fujitsu Research Institute, as Hayami’s successor.

Hayami’s term as central bank chief expires March 19.

Koizumi has also decided to appoint as BOJ deputy governors Kazumasa Iwata, 56, director general for economics assessment and policy analysis at the Cabinet Office; and Toshiro Muto, 59, former vice finance minister.

The appointments are expected to win Diet approval in mid-March.

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.

SUBSCRIBE NOW