• Kyodo News

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The Cabinet approved a plan Tuesday to appoint Yoshihisa Morimoto, former vice president of Tokyo Electric Power Co., as a Bank of Japan policymaker.

Morimoto will start his five-year term on the BOJ Policy Board on Thursday, the government said. With his appointment, the BOJ will have filled all nine seats of the decision-making body, which has had one or two seats vacant since 2008.

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